South Africa has made impressive social progress over the past two decades, lifting millions of people out of poverty and broadening access to essential services like water, electricity and sanitation.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
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This country note from Going for Growth 2015 for South Africa identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.
South Africa has experienced a relatively weak recovery from the great economic crisis compared to other BRIICS countries.
Source: OECD Main Economic Indicators (updated continuously) - Composite leading indicators (CLIs) are calculated for 29 OECD countries (Iceland is not included), 6 non-member economies and 9 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators mainly covered in the MEI database.
Despite South Africa's wealth in natural resources, healthy business environment and financial system, and its sound public finances, the country has yet to fulfil its great potential, said Angel Gurría at the launch of the 2013 OECD Economic Survey of South Africa.
In this paper we document the impact of education levels on labour market outcomes from 1994 to 2010 using national household survey data.
In this paper we include measures of school quality in regressions determining the labour market premiums to education level.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.