Understanding South Africa's economic puzzles*
Abstract
South Africa has undergone a remarkable transformation since its democratic transition in 1994, but economic growth and employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While the proximate cause of high unemployment is that prevailing wages levels are too high, the deeper cause lies elsewhere, and is intimately connected to the inability of the South African to generate...
Paper Details
Title
Understanding South Africa's economic puzzles*
Published Date
Oct 1, 2008
Journal
Volume
16
Issue
4
Pages
769 - 797
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Notes
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