The influx of foreign capital into emerging markets can create a boom-bust cycle
Economists should note that US protectionism will create some beneficiaries in other countries
The new World Bank chief may come from the pro-poor camp, but he has arrived in a time of policy agnosticism.
The new World Bank chief may come from the pro-poor camp, but he has arrived in a time of policy agnosticism.
Since 1994 South Africa has seen the establishment of democracy and a stable macroÂÂeconomic environment, and reintegration with the world economy. All of these accomplishments would tend to increase employment. Add to the mix that under apartheid black people could not , among other things, own many types of businesses, were subject to an intentionally second-class education.
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/ 26 September 2006
The transformation that South Africa has undergone since its democratic transition in 1994 is nothing short of remarkable. Prior to 1994, the South African economy and polity were dominated by the white minority, and even though the apartheid regime had begun to unravel in the 1980s, the majority blacks remained deprived of basic political and economic freedoms.