Capital flight is a serious problem for South Africa, which if not addressed will continue to impede its ability to deal with structural issues such as high unemployment and concentration of wealth. This paper presents an estimate of the wealth that left South Africa in the form of capital flight during the period…"

This paper describes the status of financial systems for a number of African countries south of the Sahara, identifying various problems that hinder access to finance, especially for the poor, and subsequently those issues that deter economic performance and development. The countries surveyed were selected on the basis of a range of criteria…"

In September of 2002 South Africa's roughly one million domestic workers - about 840,000 predominantly African and Coloured women who work as housekeepers, cooks and nannies, and another 180,000 men who work primarily as gardeners - were granted formal labor market protection, including the right to a written contract with their employers, the…"

The paper poses six questions about the determinants of subjective well-being in South Africa. Much of the paper is concerned with the role of relative concepts. We find that comparator income - measured as average income of others in the local residential cluster - enters the household - utility function positively but that…"

This paper examines the nature of the divide which Mbeki pointed to between the two nations and the reasons for the limited response to this divide during the post-apartheid era since 1994 at which he hints. This paper argues that this response can be understood only through an historical analysis of the transition…"

The aim of this paper is to investigate the empirical relationship between productivity, real wages and unemployment in South Africa using appropriate time series econometric techniques. The value of this approach is that it imposes no a priori theoretical assumptions on the relations between the variables, but rather allows the data to 'speak…"

High and growing rates of unemployment have been a source of great frustration to policy-makers. Although exports have been buoyant and the 1990s has been the first decade of sustained growth, unemployment has been rising by 2 percentage points each year. If the expanded definition is used, the rate of unemployment reached 41.8%…"

In this exploratory analysis of household survey data, households' main income sources are used indicators of integration into the South African core economy. Notwithstanding the country's high urbanization rates, the picture of household income generation which emerges is one that disputes common perceptions of the multitude of means by which African households generate…"

The US Africa Growth and Opportunity Act (AGOA), which was promulgated in October 2000, claims to “move Africans from poverty to prosperity by increasing their economic opportunities.” The Act extends Generalised System of Preferences (GSP) status for qualifying African countries to September 2008 and expands the existing list of 4 650 GSP products…"

This paper assesses the economy-wide impact of implementing and financing a universal or basic income grant (BIG) in South Africa. The various financing scenarios suggested by the proponents of the grant are presented, and these are compared using an applied general equilibrium model for the South African economy. The results indicate that the…"

This paper evaluates the impact of globalisation on income distribution in South Africa. There are broadly two ways in which it can affect income distribution and help to address poverty. On a macro level it can stimulate economic growth, create jobs and provide salary income to people previously not employed. In a more…"

Economic empowerment reflects the challenges, the changes and the strategies of a large part of the South African population to have entry into industries, business sectors where the ownership and the skills were located in the hands of a few South Africans. The attempts of the private and public sector to address these…"

There continues to be considerable concern that the expansion of trade with developing countries (hereafter South) is lowering the relative wage of unskilled labour in developed countries (hereafter North). The issue of income divergence in the North is highlighted by the experience of the U.S., where a marked decline in the relative wage…"