Structural Transformation in South Africa

Structural Transformation in South Africa

Author: Antonio Andreoni

Publisher: Oxford University Press

Published: 2021

Total Pages: 411

ISBN-13: 0192894315

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Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.


Structural Transformation in South Africa

Structural Transformation in South Africa

Author: Antonio Andreoni

Publisher: Oxford University Press

Published: 2021-07-15

Total Pages: 320

ISBN-13: 0192646761

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Taking South Africa as an important case study of the challenges of structural transformation, Structural Transformation in South Africa offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries. Detailed analyses of industry groupings and interests in South Africa reveal the complex set of interlocking country-specific factors which have hampered structural transformation over several decades, but also the emerging productive areas and opportunities for structural change. The structural transformation trajectory of South Africa presents a unique country case, given its industrial structure, concentration and highly internationalized economy, as well as the objective of black economic empowerment. Structural Transformation in South Africa links these micro-meso dynamics to global forces driving economic, institutional and social change. This include digital industrialization, global value chain consolidation, financialization, environmental and other sustainability challenges, which are reshaping structural transformation dynamics across middle-income countries like South Africa. While these new drivers of change are disrupting existing industries and interests in some areas, in others they are reinforcing existing trends and configurations of power. The book analyses the ways in which both the domestic and global drivers of structural transformation shape-and, in some cases, are shaped by-a country's political settlement and its evolution. By focusing on the political economy of structural transformation, the book disentangles the specific dynamics underlying the South African experience of the middle-income country conundrum. In so doing, it brings to light the broader challenges faced by similar countries in achieving structural transformation via industrial policies.


Industries Without Smokestacks

Industries Without Smokestacks

Author: Richard S. Newfarmer

Publisher: Oxford University Press

Published: 2018

Total Pages: 472

ISBN-13: 0198821883

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A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)


Going Beyond Aid

Going Beyond Aid

Author: Justin Yifu Lin

Publisher: Cambridge University Press

Published: 2017-01-20

Total Pages: 281

ISBN-13: 1316943216

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Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation, and is hence ineffective. In this book, Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid and cooperation from the angle of structural transformation. By studying the successful economic transformation of countries such as China and South Korea through 'multiple win' solutions based on comparative advantages and economy of scale, and by presenting new ideas and different perspectives from emerging market economies such as Brazil, India and other BRICS countries, they bring a new narrative to broaden the ongoing discussions of post-2015 development aid and cooperation as well as the definitions of aid and cooperation.


Industrial Policy and Economic Transformation in Africa

Industrial Policy and Economic Transformation in Africa

Author: Akbar Noman

Publisher: Columbia University Press

Published: 2015-09-15

Total Pages: 469

ISBN-13: 0231540779

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The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.


Greening the South African Economy

Greening the South African Economy

Author: Mark Swilling

Publisher: Juta and Company (Pty) Ltd

Published: 2016-02-23

Total Pages: 496

ISBN-13: 1775820696

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The depletion of South Africa’s (and in some cases the world’s) natural resources and the degradation of environmental sinks (including the atmosphere, lakes and rivers, and land) are continuing at such a rate that natural resource prices are climbing and many critical ecosystem services that underpin human welfare are increasingly threatened. The concept of the ‘green economy’ has gained increasing traction in South African policy discourses over the past few years. However, in much of this discourse it is viewed in a piecemeal way as one part or sector of the economy (e.g. an industrial sector dealing with manufacture and installation of renewable energy technologies and energy-efficient equipment and appliances). In the view of the authors, ‘greening the South African economy’ requires an application of sustainability principles and practices across the full range of primary, secondary and tertiary sectors of the economy in an integrated manner. The aim of this book is therefore to apply principles of sustainability and ‘green economics’ to the entire South African socio-economic system and its major elements in an integrated and comprehensive manner.


Growth, Structural Transformation, and Rural Change in Viet Nam

Growth, Structural Transformation, and Rural Change in Viet Nam

Author: Finn Tarp

Publisher: Oxford University Press

Published: 2017

Total Pages: 333

ISBN-13: 019879696X

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Provides in-depth evaluation of the development of rural life in Viet Nam over the past decade, combining a unique primary source of time-series panel data with the best micro-econometric analytical tools available.


Business Cycles and Structural Change in South Africa

Business Cycles and Structural Change in South Africa

Author: Willem H. Boshoff

Publisher: Springer Nature

Published: 2020-04-20

Total Pages: 297

ISBN-13: 3030357546

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This book investigates the South African business cycle and its links to structural change in the economy. Against the backdrop of the democratic transition in 1994 and the global financial crisis, the authors study how business cycles in South Africa have changed and how cycles are related to key developments in the financial markets, international trade and business sentiment in the country. By focusing on peaks and troughs in economic activity – so-called ‘turning-point cycles’ – the book links up with the common approach of international policymakers to studying fluctuations in economic activity. The authors also introduce new approaches to measuring phases of the business cycle (to understand slow recoveries after the global crisis), provide comprehensive descriptions to complement quantitative analyses, and utilize new data sources that allow the measurement of economic activity over longer periods. As such, the book provides the first integrated overview of business cycles in an emerging market, providing academics and policymakers with a better understanding of the measurement challenges and drivers of the cycle.


The Palgrave Handbook of Development Economics

The Palgrave Handbook of Development Economics

Author: Machiko Nissanke

Publisher: Springer

Published: 2019-08-12

Total Pages: 918

ISBN-13: 3030140008

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This Handbook responds to the needs and aspirations of current and future generations of development economists by providing critical reference material alongside or in relation to mainstream propositions. Despite the potential of globalisation in accelerating growth and development in low and middle-income countries through the spread of technology, knowledge and information, its current practice in many parts of the world has led to processes that are socially, economically and politically and ecologically unsustainable. It is critical for development economists to engage with the pivotal question of how to change the nature and course of globalisation to make it work for inclusive and sustainable development. Applying a critical and pluralistic approach, the chapters in this Handbook examine economics of development paths under globalisation, focusing on sustainable development in social, environmental, institutional and political economy dimensions. It aims at advancing the frontier of development economics in these key aspects and generating more refined policy perspectives. It is critically reflective in examining effects of globalisation on development paths to date, and in terms of methodological and analytical approaches, as well as forward-thinking in policy perspectives with a view to laying a foundation for sustainable development.


Our Continent, Our Future

Our Continent, Our Future

Author: P. Thandika Mkandawire

Publisher: IDRC

Published: 2014-05-14

Total Pages: 192

ISBN-13: 155250204X

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Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.