Back Matter

M. Nowak, and Luca Ricci
Published Date:
January 2006
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    In successfully navigating the transition from apartheid to democracy, the government of South Africa has made impressive gains in stabilizing the economy and laying a firm foundation for higher economic growth and a broad-based improvement in living standards. The public finances have been strengthened significantly, interest rates have been lowered, and inflation has been brought firmly under control. The economy has also undergone a major structural transformation. Industrial efficiency has been raised by greater exposure to competition from overseas and the economy has become much more diversified and less vulnerable to commodity price swings. In the process, the rate of economic growth has more than doubled on average since the end of apartheid in 1994. The studies in this book address South Africa’s many achievements in economic policymaking over the past ten years, as well as the substantial challenges that remain ahead, and provide a perspective of what the authors consider to be the central policy and analytical issues facing the country.

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