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An economic perspective on South Africa (Английский)

This paper is a synthesis of some informal studies on different aspects of the South African economy. South Africa, now in a deep recession, has much in its favor. It is rich in natural resources; its economy is well-managed; and its income per capita puts it in the upper middle-income bracket for developing countries. However, for 30 years, Gross Domestic Product (GDP) has been declining; unemployment has increased dramatically; and inequality between...
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