oa South African Journal of Economic and Management Sciences - South Africa: political economy or virtual economics?
|Article Title||South Africa: political economy or virtual economics?|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Affiliations||1 Department of Economics, University of Pretoria|
|Publication Date||Jun 1998|
|Pages||284 - 305|
|Keyword(s)||Democracies, Economic growth, Economic policies, Economic problems, Economics, Finance, Labour (Economics), Labour conditions, Management, Political economy, Political transformations, Politics, Unemployment and Virtual economics|
ISI Social Science
In 1994 South Africa was politically transformed from an oligarchy into a democracy. How has this momentous change affected the framework of economic policy? This paper approaches the question via the virulent unemployment that is South Africa's most serious economic problem today. The apparent answer gives great cause for concern: South Africa's policy-makers seem about to leave the real world of political economy to enter the illusory world of virtual economics instead.
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