An Analysis of South Africa’s Economy Relative to Its Capital Flows
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As the newest member of the BRICS, it’s only fitting that a general overview of South Africa’s economy; its economic policies, economic goals, and of course its biggest negative very high unemployment are in order. The global economic recovery is once again forcing nations like South Africa to focus more on long term policies as opposed to short term quick fixes. The long term challenge for South Africa is obviously an optimum, consistent GDP growth that includes support from larger domestic investment rates and higher domestic savings rates. An ongoing cycle of capital accumulation in relation to job creation and deepening technological advancement have been identified by the South African authorities as the stimulus required to accommodate robust GDP growth.
KeywordsMonetary Policy Foreign Investor Saving Rate Capital Inflow Current Account Deficit
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