Towards Employment-Intensive Growth in South Africa
| By: | Anthony Black |
| Publisher: | Independent Publishers Group (Chicago Review Press) |
| Print ISBN: | 9781775820079 |
| eText ISBN: | 9781775821663 |
| Edition: | 1 |
| Format: | Page Fidelity |
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Table of Contents
South Africa's high rate of unemployment (25%) makes it a complete outlier compared with other middle-income countries. Indeed, the unemployment rate rises to 33% if discouraged workers are taken into account. It underpins extreme poverty and inequality and is a major contributor to social dislocation. If it were not for increased social payments, poverty would have continued to increase since the advent of democracy in 1994. Unemployment also represents a huge cost to growth. This book focuses on the growth path of the economy.