Economic growth, inequality and poverty in Southern Africa: issues and policy options
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2017Author(s)/Corporate Author (s)
United Nations. Economic Commission for Africa. Subregional Office South Africa (SRO-SA);United Nations Development Programme;
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Southern Africa is in the midst of a complex transition, involving political, socioeconomic and governance dimensions that need to evolve into new political and economic dispensations that can guarantee broad-based wealth creation, equality, inclusivity, sustained growth and development and poverty reduction. This transition has been in a context of unfavorable economic performance and negative external shocks. The result has been increasing poverty, inequality and unmet aspirations of prosperity, even in the midst of growth for some countries. The key message of this publication is that the appropriate growth and development strategy for Africa in general, and Southern Africa in particular, should be one that not only accelerates the process of capital accumulation, diversifies the economies and creates an industrial base, but also one that is participatory, empowering and inclusive for the people. Economic growth can only be sustainable and enduring when it protects the weak and vulnerable in society, includes the majority of the people in the economic process and creates majority stakeholders in the development agenda.
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“United Nations. Economic Commission for Africa. Subregional Office South Africa (SRO-SA); United Nations Development Programme (2017). Economic growth, inequality and poverty in Southern Africa: issues and policy options. Addis Ababa. © UN.ECA. https://hdl.handle.net/10855/23968”Related items
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