New UNU-Wider paper published by Prof Haroon Bhorat and Aalia - TopicsExpress

New UNU-Wider paper published by Prof Haroon Bhorat and Aalia Cassim (both DPRU), and Alan Hirsch (GSDPP), comparing and contrasting South Africa’s growth trap relative to middle-income peer economies. The paper covers the policies and structures of the South African economy that have indeed perpetuated the persistently low levels of growth observed, and in particular the capital-intensive nature of manufacturing, regulation in the telecommunication and transport sector and the inadequacies of Black Economic Empowerment policies. The paper concludes discussing the welfare outcomes on the vast majority of South Africans who are unable to participate in the economy. wider.unu.edu/publications/working-papers/2014/en_GB/wp2014-155/

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