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policy in the coming decade. After remarkable economic growth in 1997-07, South Africa's progress slowed dramatically in 2009 … with the global financial crisis. Real GDP growth decelerated more than in other emerging markets and mineral exporting …'s post-GFC growth and fiscal slump: (1) an external story; (2) a macro story; and (3) a microeconomic story. Evidence of …
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The main purpose of industrial policy is to speed up the process of structural change towards higher productivity activities. This paper builds on our earlier writings to present an overall design for the conduct of industrial policy in a low- to middle-income country. It is stimulated by the...
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