South African Economic Policy Under Democracy

South Africa experienced a momentous change of government from the Apartheid regime to its first democratic government in 1994. This book provides an up-to-date and comprehensive assessment of South Africa's economic policies and performance under democracy. The book includes a stand-aloneintroduction and economic overview, as well as chapters on growth, monetary and exchange rate policy and fiscal policy, on capital flows and trade policy, on investment and industrial and competition policy, on the effect of AIDs in the macroeconomy, and on unemployment, education and inequality andpoverty. Each chapter, and the overview chapter in particular, also addresses prospects for the future.

Janine Aron is a Research Fellow in the Department of Economics, University of Oxford, based at the Centre for the Study of African Economies. She lectures in Oxford on international finance, and is a Research Associate with CREFSA, London School of Economics. Her recent publications are in the area of monetary policy and macroeconomics in South Africa. Brian Kahn is Senior Deputy Chief Economist, Senior Deputy Head of the Research Department, and member of the Monetary Policy Committee, at the South African Reserve Bank. He was previously Professor of Economics at the University of Cape Town. His publications are mainly on monetary policy and exchange rate policy in South Africa. Geeta Kingdon is Professor at the Institute of Education, London University, having previously been at the CSAE, Department of Economics, University of Oxford. She is a Development Economist and publishes in the Economics of Education, Labour Economics and the Economics of Happiness.