The long walk to economic freedom after apartheid, and the road ahead

Johan Fourie

No 11/2016, Working Papers from Stellenbosch University, Department of Economics

Abstract: As South Africa moves further away from the political transition of 1994, the economic history of the post-apartheid era is coming up for debate. The optimism generated by the ANC’s early successes must now, after more than two decades of democracy, be tempered by its conspicuous failures. Not all is lost, though. African growth, technological innovation and private-sector participation in public sector services offer credible opportunities for accelerated development, but will only be effective if policy-makers are cognizant of the political realities. The long walk to economic freedom for many will, unfortunately, continue along a rocky gravel road.

Keywords: South African economy; democracy; post-apartheid; poverty; inequality; growth; development; Thabo Mbeki; Jacob Zuma; Trevor Manuel (search for similar items in EconPapers)
JEL-codes: N17 O55 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-afr and nep-his
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