South Africa is a nation defined by “Stagnation and Exclusion” – says Harvard

South Africa is a nation defined by “Stagnation and Exclusion” – says Harvard

Harvard University’s Growth Lab reveals a sobering analysis of South Africa’s economic decline.
Published on: 

Harvard University's Growth Lab reveals a sobering analysis of South Africa's economic decline, attributing it to the collapse of state capacity and citizens' distant proximity to job opportunities. Despite three decades of democracy, the nation faces stagnation and exclusion, worsened by government failures post-President Zuma's rule. The report underscores the crippling impact of power cuts, ailing infrastructure, and a flawed work permit system. While challenges persist, the researchers highlight potential for growth through harnessing metal deposits and solar power, emphasising the need for infrastructure overhaul and urban development.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

___STEADY_PAYWALL___

Loading content, please wait...

Related Stories

No stories found.
BizNews
www.biznews.com