Infrastructure development holds sway over other strategies for post-lockdown recovery
Consideration is now whether government should emphasise capital formation or institutional functionality to drive the infrastructure consensus
23 March 2021 - 19:38
Inclusive economic growth — growth that supports sustainable economic participation for all citizens — is fundamental in the quest to respond to unemployment, poverty and inequality in SA.
The unemployment rate of more than 30%, a Gini ratio that is close to perfect inequality and a poverty rate of more than 56%, are reflective of the fact that SA’s annual economic growth over the past 60 years has been both waning and far from inclusive. Apart from the build-up to the 2010 Soccer World Cup, annual economic growth has been unsatisfactory to say the least, averaging just 1.7% between 2010 and 2019...
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