Prospects for the global economy and their relevance for South Africa
The discussion will center on global changes. The first paper will look at the Global economy and how the change in the global economy will affect the South African economy. This is explained with the emphasis on unemployment, inflation, imbalances in the global economy and the currencies associated with the economy. The second paper discusses the structure of the global economy in the three different stages if the changing economy namely the period of liberalization and expansion, then the instability and slow growth and lastly the structural adjustments to restore micro-economic market efficiency. The last paper explains South Africa’s policy response to the global economical change.