Cry, the bedeviled economy

Abstract

The Growth, Employment and Redistribution (GEAR) policy introduced in 1996 did little to break the mould into which the apartheid economy was cast. Moderate growth in the first few years after the political transition gave way to a decade of stagnant performance. We should then question why a similar policy is being considered in2019? And why is it being done in such a closed and restricted forum? The media reported that Finance Minister Tito Mboweni convened a discussion on how to grow the economy led by two Harvardbased economists.