Harvard Kennedy School Harvard University

Search this site

logo
Faculty Research Working Paper Series
Jeffrey A. Frankel
James W. Harpel Professor of Capital Formation and Growth
phone: (617)496-3834
fax: (617)496-5747
South Africa: Macroeconomic Challenges after a Decade of Success.
Frankel, Jeffrey A., Ben Smit, and Federico Sturzenegger. "South Africa: Macroeconomic Challenges after a Decade of Success." KSG Faculty Research Working Paper Series RWP07-021, April 2007.
Abstract
More than halfway through the new decade, the South African economy has done very well. Growth was high in 2004, 2005 and 2006, capital inflows and the rand are strong, the budget is relatively healthy, and inflation rates and interest rates are low. As democracy continues to consolidate, there are plenty of grounds for optimism; in fact business confidence indicators and private investment are at an all time high. This report asks the question if such achievements provide grounds for complacency. In other words, is the job done? Or do these achievements open the door to new challenges? Are there risks in the horizon? And how does the government’s ASGI-SA strategy deal with the challenges?
Attachment
pdf

 

 


Copyright © 2017 The President and Fellows of Harvard College