Overview of the economy and economic policy

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dc.date.accessioned 2008-02-04 en
dc.date.accessioned 2022-08-17T21:23:25Z
dc.date.available 2022-08-17T21:23:25Z
dc.date.issued 2015-08-25 en
dc.identifier.uri http://www.hsrcpress.ac.za/product.php?productid=2218&cat=1&page=1 en
dc.identifier.uri http://hdl.handle.net/20.500.11910/5653
dc.description.abstract This chapter provides a high-level review of the economy's performance and key policy development for the period 2001-2003. The focus is on economic performance and policy in relation to the demand for labour, and hence as they pertain to human resource development. From a performance perspective the chapter shows that economic growth was resilient despite a global slow-down and dramatic exchange rate fluctuations. From a policy perspective the chapter shows that, despite policy deepening and some expansion of direct government policies, the growth model adopted in 1994 remains fundamentally unchanged. The overall conclusion of the chapter is that the high-skills, technology-intensive growth path supported by the government will fail to relieve unemployment in a meaningful way unless human resource development initiatives are able to bridge the skills gap between the skills profile of the unemployed and the skills demanded by this economic growth path. en
dc.format.medium Intranet en
dc.publisher HSRC Press en
dc.subject ECONOMIC POLICY en
dc.title Overview of the economy and economic policy en
dc.type Chapter in Monograph en
dc.description.version Y en
dc.BudgetYear 2007/08 en
dc.ResearchGroup Employment, Growth and Development Initiative en
dc.SourceTitle Human resources development review 2008: education, employment and skills in South Africa en
dc.SourceTitle.Editor Kraak, A. en
dc.SourceTitle.Editor Press, K. en
dc.PlaceOfPublication Cape Town en
dc.ArchiveNumber 5025 en
dc.PageNumber 29-49 en
dc.outputnumber 3569 en
dc.bibliographictitle Lowitt, S. & Altman, M. (2008) Overview of the economy and economic policy. In: Kraak, A. & Press, K. (eds).Human resources development review 2008: education, employment and skills in South Africa. Cape Town: HSRC Press. 29-49. http://hdl.handle.net/20.500.11910/5653 en
dc.publicationyear 2008 en
dc.contributor.author1 Lowitt, S. en
dc.contributor.author2 Altman, M. en

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