1. South Africa
... economy grew by only 3,2 per cent per annum (versus 3,4 percent in OECD countries). Relative economic performance was beginning to deteriorate. but a strong gold price shielded policy makers from this reality. In the second half of the 1980s growth had slumped to 1,5 percent per annum, inflation had started to ... and higher liquidity. The terms of trade were steady in the 1960s, and rose strongly in the 1970s with the surge in the gold price, but have been on a declining trend since 1981. The second principal factor to hasten economic decline in the 1980s was the political ... successf...
- Word Count: 6046
- Approx Pages: 24
- Grade Level: Undergraduate