ClosedCaption
Diamond Member
- Sep 15, 2010
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- #41
Another Sassy link she provided:
The lack of a dependable electricity supply will have a severe dampening effect on the South African economy for up to a decade. This means that the country is unlikely to escape from itsmiddle-income trap in the near term.
The level of human, social and capital investment still needed after the end of apartheid will continue to limit investments in the knowledge base and other sources of improved productivity. However, in the long run, these investments made in social and human capital will have a positive impact on growth. This is a key reason for the relatively robust growth rates forecast to 2035 under all scenarios.
Yet, even under these rates of growth, South Africa is likely to grow more slowly than its potential, below the average rate forecast for upper middle-income countries and slower than the average for the rest of the Africa.
This would not be a new phenomenon. South Africa has grown more slowly than other upper middle-income countries for several decades, giving rise to high unemployment and poverty.
Thanks Sassy!
Your link shows that this has been a problem for Decades EVEN DURING APARTHIED when you said things were awesome sauce. Can you continue to post links that own yourself?
Please!
The lack of a dependable electricity supply will have a severe dampening effect on the South African economy for up to a decade. This means that the country is unlikely to escape from itsmiddle-income trap in the near term.
The level of human, social and capital investment still needed after the end of apartheid will continue to limit investments in the knowledge base and other sources of improved productivity. However, in the long run, these investments made in social and human capital will have a positive impact on growth. This is a key reason for the relatively robust growth rates forecast to 2035 under all scenarios.
Yet, even under these rates of growth, South Africa is likely to grow more slowly than its potential, below the average rate forecast for upper middle-income countries and slower than the average for the rest of the Africa.
This would not be a new phenomenon. South Africa has grown more slowly than other upper middle-income countries for several decades, giving rise to high unemployment and poverty.
Thanks Sassy!
Your link shows that this has been a problem for Decades EVEN DURING APARTHIED when you said things were awesome sauce. Can you continue to post links that own yourself?
Please!