Transcription of Economic transformation,
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Economic transformation,
Economic transformation, inclusive growth, and competitiveness: A contribution towards a growth agenda for the South African economy Prepared by Economic Policy Division, National Treasury* Abstract: The combination of low growth and rising unemployment means that South Africa s Economic trajectory is unsustainable. Government should implement a series of growth reforms that promote Economic transformation, support labour-intensive growth, and create a globally competitive economy. Government has a macroeconomic framework that is designed to ensure stability and competitiveness. In light of our competitiveness challenges, we start by highlighting five fundamental building blocks of sustainable long-run growth and then identify a series of specific and detailed reforms to raise potential growth.
economic trajectory is unsustainable. Government should implement a series of growth reforms that promote economic transformation, support labour-intensive growth, and create a globally competitive economy. Government has a macroeconomic framework that is designed to ensure stability and competitiveness.
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