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The South African Economy, 1910-90 - H.S. Jones

The South African Economy, 1910-90

Hardcover Published: 19th May 1992
ISBN: 9780333515303
Number Of Pages: 384

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"The South African Economy, 1910-90" surveys the growth of the South African economy since 1910, when the four provinces came together to form the Union of South Africa. The theme of this book is the economic organization that made possible the growth of the South African economy which has contended with natural disasters, a backward but politically influential agricultural sector, a fixed gold price, the impact of two world wars and finally the constraints on growth imposed by the apartheid policies present since 1948. The book describes how the gold industry fuelled the growth of the economy and enabled the government to subsidise agriculture. The gold idustry, however, was a mixed blessing and since 1973 the dramatic rise in its price has not been accompanied by a boom in the growth rate. In fact it led to a marked deceleration in the rate of growth and triggered a burst of inflation that is still ravaging the South African economy. The affects on the economy of leaving the Commonwealth in 1961 are then examined, as this caused an industrial revolution that made South Africa the power house of Africa; but accompanying the industrial transformation was a population explosion that increased the need for foreign investment at a time when anti-apartheid campaigns were making this impossible. As a result in the 1980s there has been a decline in income and an increase in unemployment.

Acknowledgements - Introduction - PART A LAYING THE FOUNDATIONS OF THE MODERN ECONOMY, 1910-33 - Population and Economic Growth, 1910-33: A Survey - Agriculture, 1910-33 - Diamonds, Gold and Coal, 1910-33 - Industrialisation Begins, 1910-33 - Transport and Distribution, 1910-33 - Banking and Finance, 1910-33 - External Trade and the Balance of Payments, 1910-33 - PART B THE OPEN ECONOMY, 1933-61 - Population and Economic Growth, 1933-61: A Survey - Agriculture: Beginning the Transformation, 1933-61 - The Expansion of Mining, 1933-61 - The Industrial Transformation of South Africa, 1933-61 - Transport and Distribution, 1933-61 - Banking and Finance, 1933-61 - External Trade and the Balance of Payments, 1933-61 - PART C THE MODERN ECONOMY TAKES SHAPE, SINCE 1961 - Population and Economic Growth since 1961 - Agricultural: Completing the Transformation since 1961 - The Diversification in Mining since 1961 - Expansion and Slow-down since 1961 - Transport and the Retailing Revolution since 1961 - The Financial Revolution since 1961 - External Trade and the Balance of Payments since 1961 - Notes - Index

ISBN: 9780333515303
ISBN-10: 0333515307
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 384
Published: 19th May 1992
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.59 x 13.79  x 2.9
Weight (kg): 0.66
Edition Number: 2