The first ten years after apartheid : an overview of the South African economy / Michael Nowak -- pt. 1. Real sector performance -- Economic growth in post-apartheid South Africa : a growth-accounting analysis / Vivek Arora -- Unemployment and the labor market / Vivek Arora and Luca Antonio Ricci -- What drives saving in South Africa? / Thomas Harjes and Luca Antonio Ricci -- Foreign direct investment in South Africa : why has it been so low? / Athanasios Arvanitis -- pt. 2. Fiscal challenges -- Role of fiscal policy in stabilization and poverty alleviation / Mark Horton -- HIV/AIDS in South Africa / Mark Horton -- pt. 3. External openness and strength -- Liberalizing trade and capital transactions : an overview / Ketil Hviding -- South Africa's real exchange rate performance / Luca Antonio Ricci -- The rand crises of 1998 and 2001 : what have we learned? / Ashok Jayantilal Bhundia and Luca Antonio Ricci -- The case for building international reserves / Ketil Hviding and Luca Antonio Ricci -- pt. 4. Monetary developments -- Bringing inflation under control / Luca Antonio Ricci -- Exploring determinants of long-term interest rates / Faisal Ahmed and Luca Antonio Ricci
Summary
This book provides a comprehensive review of recent economic developments in South Africa and the structural and policy challenges facing the authorities. Individual papers examine a range of topics such as unemployment and the labor market; recent trends in the private saving rate; the role of foreign direct investment in the development of South Africa's economy; the human and economic repercussions of the HIV/AIDS epidemic; the role of fiscal policy in economic stabilization; inflation developments; liberalization of trade and capital transactions; exchange rate developments; and lessons from the rand crises of 1998 and 2001.--Publisher's description
