Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Gambling on Investment: Competing Economic Strategies in South Africa
Author:Nattrass, NicoliISNI
Year:1996
Periodical:Transformation: Critical Perspectives on Southern Africa
Issue:31
Pages:25-42
Language:English
Geographic term:South Africa
Subjects:investments
economic development
Development and Technology
Economics and Trade
External link:http://digital.lib.msu.edu/projects/africanjournals/html/itemdetail.cfm?recordID=645
Abstract:Early 1996 President Mandela called on the public and private sectors in South Africa to develop and implement a 'national vision' to put an end to the country's slow economic growth, rising unemployment and persistent poverty. This set the scene for a year which turned out to be rich in contrasting economic visions and growth strategies. The present article categorizes these visions into two broad stables: the SAF (South African Foundation)/GEAR (growth, employment and redistribution) vision and the Nedlac Labour Caucus/ILO vision. It analyses SAF/GEAR and Labour/ILO views on the labour market and the role of the State. There is a certain logic to both the SAF/GEAR and Labour/ILO economic positions. They differ on the issue of how investors are assumed to respond. SAF/GEAR assumes that investors will respond appreciatively to restrictive fiscal policy despite its deflationary effects; while in the Labour/ILO world investors are assumed to throw their weight behind a more expansionary policy irrespective of the debt situation, labour market dynamics and inflationary prospects. Bibliogr., notes, ref.
Views