The Impact of the Global Recession on South Africa

Marais, Hein (2009) The Impact of the Global Recession on South Africa. Elcano Newsletter (58). 9 p.. ISSN 1698-5184

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Abstract

This paper examines the impact of the global economic recession on South Africa’s economy and society, the ways in which the country’s government has chosen to respond to that crisis, and its likely social and political fall-out. Despite initial official denials, South Africa’s economy has entered in its first recession in almost two decades. The recession is predicted to last into 2010 and the social impact is likely to prove punishing. The African National Congress (ANC), re-elected to office in April, has pledged to cushion the shock with a package of measures that include an overhauled industrial policy. But a shift to the left in economic policy is highly unlikely, and the ANC remains ambivalent about further expanding its social grant system for the poor. A vibrant, ongoing tradition of social protest means that the political fall-out of the recession is difficult to predict.

Item Type: Article
Additional Information: Estudio sólo disponible en inglés
Uncontrolled Keywords: África Subsahariana
Subjects: INTERNATIONAL COOPERATION > COUNTRIES AND REGIONS > ENGLISH-SPEAKING AFRICA
DEMOGRAPHY; POPULATION > ETHNIC GROUPS > SOUTH AFRICANS.
ECONOMIC POLICY; SOCIAL POLICY; PLANNING > ECONOMIC POLICY; PLANNING > ECONOMIC POLICY.REGIONAL POLICY
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC RESEARCH; ECONOMICS > ECONOMIC ANALYSIS
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC CONDITIONS > ECONOMIC IMPLICATIONS
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC CONDITIONS > CRISIS
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC CONDITIONS > ECONOMIC RECESSION
CULTURE; SOCIETY > SOCIETY > SOCIAL IMPLICATIONS
Divisions: Real Instituto Elcano, RIE
Depositing User: Jorge Horcas Pulido
Date Deposited: 21 Mar 2012 09:51
Last Modified: 21 Mar 2012 09:51
URI: http://biblioteca.ribei.org/id/eprint/1716

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