The South African dream and the three stumbling blocks

Abstract

Most South Africans nurture a strong hope for a better future. The South African economy, however, has considerable problems with respect to both growth and employment, which in turn reduce the scope for redistribution of the national income. This article deals with a number of stumbling blocks that the political and economic decision makers may be tripped by and which may make the South African dream nothing but a dream. These are: obstacles to growth, increasing economic and social differences, and unfavourable political development.

Notes

Respectively, Professor, Department of Economics, Stockholm School of Economics, Stockholm, Sweden; and Associate Professor, Department of Economics, Lund University, Lund, Sweden. Lundahl acknowledges support from the Swedish Collegium for Advanced Study in the Social Sciences.

Additional information

Notes on contributors

Lennart Petersson 1

Respectively, Professor, Department of Economics, Stockholm School of Economics, Stockholm, Sweden; and Associate Professor, Department of Economics, Lund University, Lund, Sweden. Lundahl acknowledges support from the Swedish Collegium for Advanced Study in the Social Sciences.