Market Power, Growth, and Inclusion : The South African Experience /

Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, poverty, and inequality, hindering inclusion efforts. The pandemic has worsened economic and social vul...

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প্রধান লেখক: Thakoor, Vimal
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2020.
মালা:IMF Working Papers; Working Paper ; No. 2020/206
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 0 |a Market Power, Growth, and Inclusion :   |b The South African Experience /  |c Vimal Thakoor. 
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300 |a 1 online resource (19 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, poverty, and inequality, hindering inclusion efforts. The pandemic has worsened economic and social vulnerabilities. Economic recovery and social inclusion hinge critically on structural reforms to boost competiveness and growth. Product markets represent a cornerstone of the reform strategy. Firms have used their market power to drive up prices and limit competition. Important state-owned monopolies provide low-quality services, while representing a fiscal drag. Existing regulations inhibit the entry of both domestic and foreign firms. Addressing product markets constraints could boost per capita growth by 1 percentage point-adding about 2 1\2 percentage points to headline growth-and foster greater inclusion. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/206 
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