Inclusive and sustained economic growth was the theme for the 2017 World Economic Forum for Africa (WEF) held in Durban two weeks ago. To achieve inclusive and sustained economic growth, greater attention will have to be placed on transforming the structure of the economy. This would require investing in human capital and infrastructure. Government policy and public-sector participation is also required to facilitate this process. In the Inclusive Growth and Development Report 2017, the WEF notes that support for regulatory institutions in areas such as tax administration, competition, investment, anticorruption, the judiciary, labour, the environment, social protection and business-government relation is important for a more inclusive economy. A shift in how the economic performance of a country is measured would also have to be assessed. The WEF suggests that broad-based progress in living standards should perhaps be the ultimate measure of economic performance rather the expansio...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.