Macroeconomic Adaptations (Grade 10 NSC Matric Economics): Flashcards

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Macroeconomic Adaptations
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Year SA's democratic govt began economic transformation

1994

Employment growth rate 1995-2002

12%

Job seekers growth rate 1995-2002

35%

Year AsgiSA replaced GEAR

2005

Main causes of poor SA economic growth before 1994

International sanctions and capital flight

SA worker productivity vs international standards

Relatively low

Countries competing with SA in manufacturing

China, India, South-East Asian nations

Programme for disadvantaged urban areas

Urban Renewal Programme

Programme for rural development

Integrated Sustainable Rural Development Programme

Key factor attracting foreign investors since 1994

Political and economic stability

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