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South Africa : macroeconomic issues for the transition (Английский)

In the 1980s the South African government undertook quite effective policy adjustments in the macroeconomic arena to respond to the short-run crises it faced. Today, however, the macroeconomic situation is fragile. Four areas that could make or break the transition are reviewed in this paper: investment; foreign investment; savings and the deficit; and inflation. The ratio of fixed investment to Gross Domestic Product (GDP) is 20 percent at the beginning...
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