Why didn't SA’s economy grow?
That is the question asked by the Harvard Growth Lab and a group of authors headed by Venezuelan economist Ricardo Hausmann and published last week by the United Nations University-Wider programme, which is supported by the national treasury.
Hausmann and others set out to explain why - in comparison to other emerging markets and commodity exporting countries - South Africa's growth did not recover after the global financial crisis in 2008. While the South African economy expanded at a robust pace of 4% a year after the end of apartheid until about the time the crisis hit, growth slowed thereafter more than that of peer countries.
