Inequality and Economic Inclusion

Tuesday, 21 August 2012

How the structure of the economy impacts on opportunities on the margins

  • Year: 2012
  • Author(s): Kate Phillip
  • Countries and Regions: South Africa

In the face of a long-standing unemployment crisis that increasingly threatens social and economic stability, employment has at last taken centre stage in South African policy, and with this, a focus on the structural constraints on employment creation within the economy. The New Growth Path, approved by Cabinet in November 2010, starts to tackle these issues. Its emphasis on inclusive growth places issues of distribution more clearly on the agenda than they have been; and the Competition Commission has become poor consumers' knight in shining armour, tackling collusion and highlighting the negative economic (and employment) consequences of South Africa's highly centralized core economy.