New South African Review 1. Anthony Butler

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      CHAPTER 1

      The state of the South African economy

      Seeraj Mohamed

      The South African economy was in a state of crisis before the recent global financial crisis.

      The official unemployment rate has remained at well over 20 per cent over the past decade. Employment has declined in manufacturing, indicating deindustrialisation of the economy. Though employment in services has grown, this was not in productive services but instead СКАЧАТЬ