Industrial Expansion and Slowdown since 1961

Stuart Jones and André Müller
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Stuart Jones: University of the Witwatersrand
André Müller: University of Port Elizabeth

Chapter 19 in The South African Economy, 1910–90, 1992, pp 278-304 from Palgrave Macmillan

Abstract: Abstract After the Second World War, South Africa enjoyed an unprecedentedly rapid rate of economic growth. Between 1946 and 1971 national income increased year after year. Recessions took the form not of declines in national income but merely of decelerations in its growth rate — so-called ‘growth recessions’. The annual increase in real GDP varied between 2.1 per cent (in 1958) and 7.6 per cent (in 1963) and averaged 5.0 per cent over the 25 years. In the ‘golden sixties’ the economic performance was even more remarkable: real GDP rose by 5.8 per cent per year and per capita income by over 3 per cent per year during the decade.

Keywords: Physical Planning; Local Content; Black Worker; Decentralisation Policy; Black Labour (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22031-1_19

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DOI: 10.1007/978-1-349-22031-1_19

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