The Evolving Structure of South Africa’s Economy: Faultlines and Futures

The book makes the case that structural economic transformation to build a developmental, resilient and inclusive South African economy requires radical review of macroeconomic and microeconomic policies. The chapters examine how historical, global and domestic economic dynamics have affected the country’s evolving economic structure. Contributors offer technical and analytical discussions of the overlapping structural faultlines that produce uneven economic performance. They show that improving social welfare and transforming the industrial structure of the economy are two sides of the same coin with regard to shifting South Africa onto a new growth path focused on reducing unemployment, poverty and inequality while building resilience to crises, such as those caused by climate change, pandemics and domestic and geopolitical conflict.