South Africa Economic Update, July 2012 : Focus on Inequality of Opportunity
Section one provides an economic update and assesses the challenges and near-term prospects facing the South African economy. In particular, it looks at the implications for South Africa of the resurgence of uncertainty in global financial markets,...
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| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/233241468164377382/South-Africa-economic-update-focus-on-inequality-of-opportunity http://hdl.handle.net/10986/26076 |
| Summary: | Section one provides an economic update
and assesses the challenges and near-term prospects facing
the South African economy. In particular, it looks at the
implications for South Africa of the resurgence of
uncertainty in global financial markets, the surge in
capital flows to safe-haven assets, the continuing Euro zone
crisis, and signs of slowdown in some of the large emerging
market economies. Section two focuses on inequality of
opportunity in South Africa. For the first time, using
innovative techniques, this section presents an analysis of
the interlinked inequality of opportunities for children and
for access to employment. Every society has a degree of
inequality of outcomes that reflects differences in innate
human capabilities, effort, education, experience, and
skills. But a recognized goal for public policy is to ensure
at least the equality of opportunity for every individual in
a country. Many countries have used this new approach to
develop targeted policies to promote such equality of
opportunity and to monitor and evaluate the success of
public programs. |
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