We need to talk about the economy’s failures, starting with GEAR
The export-led trade and capital markets liberalisation policy of GEAR made unemployment and the unacceptable situation in 1996 worse
19 October 2019 - 11:05
In August, the National Treasury issued a discussion document “Towards an economic strategy for SA”, asking for discussion. “Exports have been identified as a key driver of economic growth” was a priceless statement in the Treasury document, which means, “We agree!”
It was 15 authors of a document called “Growth, Employment and Redistribution” (GEAR) who, 23 years ago, put forward the “export-oriented strategy” that would “lay the basis for an export-led revival of the economy”...
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