Ankündigung Erscheint vsl. Januar 2020 Abbildung von Gumata / Ndou | Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa | 1st ed. 2019 | 2020 | A Case for Bold Supply Side Po...

Gumata / Ndou

Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa

A Case for Bold Supply Side Policy Interventions

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ca. 106,99 €

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1st ed. 2019 2020. Buch. lxxvi, 639 S. 386 s/w-Abbildungen, Bibliographien. Hardcover

Palgrave Macmillan. ISBN 978-3-030-30883-4

Format (B x L): 14,8 x 21 cm

In englischer Sprache

Produktbeschreibung

This book contributes to academic and policy efforts surrounding South Africa’s National Development Plan (NDP) goal of eliminating poverty, reducing inequality, lowering unemployment and increasing labour participation rates, suggesting implementable policy recommendations. One of the major criticisms raised against the NDP is that the national planning commission did not provide an employment policy, a comprehensive financial and macro-economic policy framework within which these targets can be achieved. The authors establish that an export-led growth strategy is a necessary but insufficient condition for intensive employment creation, and propose that accelerated land redistribution and reform can help reduce poverty and inequality as a supply side policy intervention tool aimed at unleashing potential output, changing ownership patterns in the economy, increasing entrepreneurship, labour absorption, economic inclusion and lowering income inequality. Furthermore, evidence shows that the balance sheet channel, the role food and mineral resources commodity price booms and busts in the mining and agricultural sectors is intricately linked with exchange rate policy, policy uncertainty, confidence and droughts (which also speaks to climate change issues). The authors conclude that the current flexible inflation targeting monetary policy framework is still appropriate for measuring progress on the NDP targets, and they make recommendations to further measure, evaluate and monitor progress. This book contributes to academic and policy efforts surrounding South Africa’s National Development Plan (NDP) goal of eliminating poverty, reducing inequality, lowering unemployment and increasing labour participation rates, suggesting implementable policy recommendations. One of the major criticisms raised against the NDP is that the national planning commission did not provide an employment policy, a comprehensive financial and macro-economic policy framework within which these targets can be achieved. The authors establish that an export-led growth strategy is a necessary but insufficient condition for intensive employment creation, and propose that accelerated land redistribution and reform can help reduce poverty and inequality as a supply side policy intervention tool aimed at unleashing potential output, changing ownership patterns in the economy, increasing entrepreneurship, labour absorption, economic inclusion and lowering income inequality. Furthermore, evidence shows that the balance sheet channel, the role food and mineral resources commodity price booms and busts in the mining and agricultural sectors is intricately linked with exchange rate policy, policy uncertainty, confidence and droughts (which also speaks to climate change issues). The authors conclude that the current flexible inflation targeting monetary policy framework is still appropriate for measuring progress on the NDP targets, and they make recommendations to further measure, evaluate and monitor progress.

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