"Zumanomics is a valuable contribution to the national debate and cautionary tale about imprudent spending. I recommend it for politicians and voters alike"
In the light of global and domestic developments since 2009, Raymond Parsons now reassesses the economic prospects for SA post-Mangaung and following the 2014 general election. While the 2009 publication was a collective effort with other contributors, this is an individual one. Many red lights are flashing for the economy and SA is struggling to avoid a ‘low-growth trap’. What are the conditions for the success of the National Development Plan’s vision for 2030 and can it be translated into reality? What will happen after the 2014 election?
Drawing on his considerable experience and analysis of SA’s political economy, Professor Parsons redefines and updates Zumanomics in the light of these developments. Will South Africa be able to move successfully to address the triple challenges of unemployment, poverty and inequality identified by President Zuma as the three greatest issues needing South Africa’s attention? How can the country improve its global competitiveness? How can SA best build on its strengths and address its weaknesses?
About the Author
Raymond Parsons is a prominent South African economist and a professor in the Faculty of Economic and Management Sciences at the North West University in Potchefstroom. Until recently he was the Deputy CEO of BUSA. Until 2010, Professor Parsons was the Overall Business Convenor at the National Economic Development and Labour Council (NEDLAC), the major social dialogue institution in South Africa. He is a key contributor to public and academic debate on a broad spectrum of issues of critical importance to the political economy of South Africa. He studied economics at the universities of Cape Town, Oxford and Copenhagen, before playing a leading role in organised business in South Africa for many years. He is a former director-general of the South African Chamber of Business (SACOB). From 2000–2003 he was a visiting professor at the School of Economic and Business Sciences at the University of the Witwatersrand. He also holds an Honorary Doctorate from the Nelson Mandela Metropolitan University (NMMU). Professor Parsons is a past president of the Economic Society of South Africa (ESSA). In 2004 former President Thabo Mbeki appointed Professor Parsons to the Board of Directors of the South African Reserve Bank and he was reappointed in 2008. He was also a director of the SA Mint. He is the author/editor of four books – The Mbeki Inheritance: SA’s Economy 1990–2004; Parsons’ Perspective – Focus on the Economy; Manuel, Markets and Money: Essays in Appraisal; and Zumanomics – Which Way to Shared Prosperity in South Africa?
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|Publication Date:||August 2013|