Getting It Right - A New Economy For South Africa

The book is about the South African economy and how it has been struggling for the past few years. The book recommends that the government invest more money in the economy, reform land tenure so that people can have better livelihoods, and improve education so that the youth can be more employable. Only by doing these things will the South African economy be able to grow and create jobs.

After a strong start in the fifteen years following the fall of apartheid, the South African economy stagnated. Economic growth collapsed; the unemployment rate increased; the countrys level of inequality is one of the highest in the world. Not only is South Africa in an economic rut high levels of corruption, patronage and state capture also mean that it suffers from severe institutional rot. The first democratic government in 1994 had inherited an underperforming economy with a broken labour system, high levels of poverty (particularly in the former bantustans) and a racially fragmented and weak education system. It introduced reforms, but withlimited success. Reveals how the toxic apartheid set-up is still entrenched in the economy, twentyfour years later. Philippe Burger sets out the key problems inhibiting economic growth, job creation and the reduction of inequality and poverty. He recommends the actions that must constitute the governments policy agenda to address these issues, an agenda to getting it right: much higher levels of investment; reform of land tenure to secure better livelihoods for the 32% of South Africas population living on communal land in the former bantustans; much better education to increase the employability of its youth. The success of this agenda also requires rolling back corruption and patronage. Only with this agenda can South Africa create a new inclusive high growth, high-employment economy. What's in the box 1 x Book

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