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The Decline of the South African Economy
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The Decline of the South African Economy

9781840643923 Edward Elgar Publishing
Edited by Stuart Jones, School of Economic and Business Sciences, University of the Witwatersrand, Johannesburg, South Africa
Publication Date: 2002 ISBN: 978 1 84064 392 3 Extent: 256 pp
South Africa’s leading economists adopt within this volume a sectoral approach in their analysis of the drastic changes that have occurred within the South African economy since 1970. The book illustrates how, despite its sophisticated infrastructure, the South African economy has shared in the economic decline – resulting from misguided economic policies – that has been the experience of Sub-Saharan Africa.

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South Africa’s leading economists adopt within this volume a sectoral approach in their analysis of the drastic changes that have occurred within the South African economy since 1970. The book illustrates how, despite its sophisticated infrastructure, the South African economy has shared in the economic decline – resulting from misguided economic policies – that has been the experience of Sub-Saharan Africa.

The contributors argue that the failure of manufacturing to maintain the country’s economic growth, once the output of the gold mines began to decline, is central to an understanding of events and outcomes in the economy. Government policy towards manufacturing has played a major part in the decline of the South African economy, but this has, however, tended to be overlooked as a result of the turbulence generated by the political events unfolding in South Africa.

The Decline of the South African Economy will prove to be a fascinating read for students, teachers, researchers and academics with a special interest in modern economic development or in Africa and the Third World.
Contributors
Contributors: R. Baxter, T. Bell, S. Jones, T. Jones, G. Maasdorp, N. Madula, P. Mohr, S. Schirmer, P.D.F. Strydom, N. Vink
Contents
Contents:

1. Introduction
Stuart Jones

2. Economic Survey, 1970–2000
Gavin Maasdorp

3. Macroeconomic Policy, 1970–2000
P.D.F. Strydom

4. Agriculture, 1970–2000
Nick Vink and Stefan Schirmer

5. The Mining Sector, 1970–2000
I. The Years of Turbulence, 1970–2000
Stuart Jones

II. Transformation in the 1990s
Stuart Jones and Roger Baxter

6. The Manufacturing Industry, 1970–2000
Trevor Bell and Nkosi Madula

7. The Freight Transport Sector, 1970–2000
Trevor Jones

8. The Financial Sector, 1970–2000
Stuart Jones

9. External Trade, 1970–2000
Stuart Jones

10. Balance of Payments, 1970–1999
Philip Mohr

11. The Situation in 2000
Stuart Jones

Index
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