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SOUTH AFRICA’S ECONOMY: RETHINKING ITS FUTURE

Dr Iraj Abedian, economist and private equity investor

This course will argue that the prevailing socio-economic order in South Africa is neither fair nor sustainable. Both the poor and the rich stand to lose – albeit in different forms. The youth in particular face a bleak future and stand to be the biggest losers. Yet the country’s national endowment, its geographic location and its existing socio-economic infrastructure offer a vastly different potential. The failure of its socio-economic and political leaders is the primary factor in the gap between the country’s potential and its actual performance. Closing this gap will require a great deal of systematic rethinking of the nation’s approach to socio-political governance together with a new framework for economic policy and business promotion.

 

LECTURE TITLES

  1. A stylised review of the South African economy
  2. Rethinking the economy’s future: balancing equity with sustainability
  3. Action plan for transition into a new economic structure

 

Recommended reading

https://www.dailymaverick.co.za/opinionista/2019-06-04-part-one-lets-build-a-new-economy-for-the-many-not-just-the-few/

https://www.dailymaverick.co.za/opinionista/2019-06-12-part-two-building-blocks-for-a-new-economy/

Assa, Jacob. 2012. 'Financialization and its consequences: the OECD Experience'. Finance Research, Vol.1, No. 1January, 2012, pp.35-39.
Tomaskovic-Devey, Donald; Ken-Hou, Lin, Nathan Meyers, Meyers. 2015. 'Did financialization reduce economic growth?'. Socio-Economic Review, Volume 13, Issue 3, July 2015, pp. 525–548, https://doi.org/10.1093/ser/mwv009

 

 

Date: Monday 6–Wednesday 8 January
Time: 5.00 pm 
COURSE FEES: Full R354 Staff & Students R177
Venue: LT1 Kramer Law Building UCT