Book contents
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Chapter Three Final Goals for a Systemic Economic Policy
- Chapter Four Intermediate Goals for a Systemic Economic Policy
- Chapter Five Operating Goals for a Systemic Economic Policy
- Chapter Six Instruments for a Systemic Economic Policy
- Chapter Seven Means of Implementing a Systemic Economic Policy
- Chapter Eight Economic Policy in Particular Contexts: Economic Crises and Natural Resources–Based Economies
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Part Four Foreign Aid and African Economic Policy
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Chapter Four - Intermediate Goals for a Systemic Economic Policy
from Part Two - Goals and Instruments for a Systemic Economic Policy for Africa's Revival
Published online by Cambridge University Press: 05 October 2014
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Chapter Three Final Goals for a Systemic Economic Policy
- Chapter Four Intermediate Goals for a Systemic Economic Policy
- Chapter Five Operating Goals for a Systemic Economic Policy
- Chapter Six Instruments for a Systemic Economic Policy
- Chapter Seven Means of Implementing a Systemic Economic Policy
- Chapter Eight Economic Policy in Particular Contexts: Economic Crises and Natural Resources–Based Economies
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Part Four Foreign Aid and African Economic Policy
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Summary
“Let me now share with you some of our experience and initiatives. Recently, an international survey of 200 senior auto sector executives by consultancy firm, KPMG, found South Africa to be the fifth best investment choice by car makers globally. It placed us above Japan and Western European and North American countries but also above other emerging economies such as Indonesia, Turkey, Vietnam and Colombia. This is an example of the successes that are achieved where the state works closely in the economy with private sector partners. It is recognized by KPMG, which attributes the attractiveness of South Africa as an investment destination in automotive sector to the ‘result of the government's commitment to retain, support and grow the existing manufacturers and component suppliers operating in the country.’”
Ebrahim Patel, South African economic development minister, address at the Supplier Development Summit, March 14, 2013It is not enough for those responsible to merely recognize and adopt employment and economic growth as final goals of economic policy; strong economic growth and a high level of employment in the economy are not brought about by decree. Although the state can produce some services directly, and even some goods, and thus contribute directly to job creation – particularly in the civil service and in programs implemented by the government (i.e., big public sector investment projects) – it is expected, in general, that most job creation and economic growth will result from the actions of economic agents outside the public sector.
- Type
- Chapter
- Information
- Africa and Economic PolicySpeculation and Risk Management on the Fringes of Empire, pp. 55 - 66Publisher: Anthem PressPrint publication year: 2014