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South Africa: the economic challenge South-Africa-Flag-icon (based on:…
South Africa:
the economic challenge
(based on:
http://www.bbc.com/news/uk-43073781
)
weak growth
past decade: 1.4%
lower than Turkey, Malaysia
should be: approx. 5%
slower than population
high unemployment
25%
inequality
Gini >60 (0...100)
extraordinary
UK: approx. 35
US: approx. 40
business barriers
energy sector needs improvement
state owned
more competition useful
land reform
difficult issue
redistributed land
becomes unproductive
bad example: Zimbabwe
education
performance too weak
consequences
income disparities
unemployment
low growth
transmission of poverty
corruption
heavy economic costs
scares away investors
government debt
quite high
growing
economic growth needed
