Most growth transitions are politically determined. In this context, finance minister Tito Mboweni and the Treasury have taken the lead with the release of their latest discussion document. The challenge now lies in implementation.
The Treasury document is a welcome departure from the policy paralysis that confronts our country. There is no such thing as an optimal economic policy for an idealised economy, nor is there one exclusive model of the economy. In this sense, the document is pragmatic. Hopefully it will lay the basis for further reforms.
The issue is why in certain political contexts growth-enhancing institutions emerge, and why we see the persistence of growth-impeding economic institutions in other developing contexts, for long periods — why do growth accelerations and decelerations occur? This requires an understanding of the political dynamics and the transition from one growth regime to another.
This can be illustrated with a few case studies from China and India that show we can achieve growth acceleration through different and experimentalist methods. One is a democracy and the other is authoritarian. Yet India was still plagued with bureaucratic inefficiency, corruption and poor infrastructure. If a country is performing below its potential, it does not take much to unlock inefficiency and boost growth. Small changes can produce big outcomes.
This article says exactly “ZERO” thats 3 mins I wasted of my life, pity, the headline seemed promising.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Work closer with private sector on NHI, say Treasury officialsReview calls for clarity on how government intends to achieve goals of National Health Insurance white paper
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »
Herman Mashaba on illegal immigration: 'Corrupt politicians are too scared to talk about it'“People who come into South Africa must come in legally and when here, obey our laws.” What about us that are here already , and due to the corruption happening we are not able to renew our documents without giving an officer money ? .. when will this stop too ? Exactly. We cant have a borderless Africa yet. A Dialogue is needed around Africa's economy poverty education jobs and illegal immigration HermanMashaba What’s difficult for that businessman Ramaphosa to say this?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Trevor Noah and Burna Boy lose out at emotional Grammy Awards“And I think that’s what a lot of people are going through with the news about Kobe Bryant and his daughter, and the other people who are involved in the crash.” Wrong Caption🤦🏿♂️ TrevorNoah,Hard,bro,a nomination says a lot,that goes to you tooBurnaBoy, thanks for representing the continent.I am inspired by such ethic.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
LETTER: Cyril Ramaphosa is losing the credibility he needs to sort out SA messIt was clear 20 years ago that Eskom, SA Airways and Denel were unfixable He never had any to begin with.
Source: BDliveSA - 🏆 12. / 63 Read more »