HSRC : vimarsana.com
HSRC
Rethinking South Africa s macroeconomic policy approach
CATEGORY: Latest News
AUTHOR: Andrea Teagle
We are in a historical time of momentous changes in macroeconomic thinking that have been driven by the need to respond to crises, said macroeconomics expert Dr Seeraj Mohamed, while speaking at the first of a series of Macroeconomic Policy Dialogues hosted by the Human Sciences Research Council. Mohamed and fellow economists Gilad Isaacs and Alexis Habiyaremye argued that fiscal stimulation is a critical and underutilised tool for overcoming and preventing socioeconomic crises like that precipitated by the COVID-19 pandemic. By Andrea Teagle
Despite the global shift away from neoliberal macroeconomics, South Africa is still anchored in neoliberal economic thought, favouring macroeconomic stabilisation, fiscal austerity and minimal state intervention. This ‘old view’ is encapsulated by the Washington Consensus, according to macroeconomics expert Seeraj Mohamed. The agreement reflected a ‘one-size-fits all’ set of free-market policy reforms that the World Bank and the International Monetary Fund (IMF) promoted across developing countries in the 1980s.
Related Keywords
South Africa, Kenya, United States, World Bank, District Of Columbia, Washington, South African, America, Alexis Habiyaremye, Andrea Teagle, Peter Jacobs, Fiona Tregenna, Seeraj Mohamed, Gilad Isaacs, African Research, Industrial Development, International Monetary Fund, Institute For Economic Justice, Human Sciences Research Council, Rethinking South Africa, Macroeconomic Policy Dialogues, Human Sciences Research, Washington Consensus, East Asia, Latin America, Prof Fiona Tregenna, African Research Chair, கேந்ய, ஒன்றுபட்டது மாநிலங்களில், ஒர்ல்த் வங்கி, மாவட்டம் ஆஃப் கொலம்பியா, உலகம் வங்கி, வாஷிங்டன், அமெரிக்கா, பீட்டர் ஜாகோப்ஸ், கிலாட் ஐஸக்ஸ், தொழில்துறை வளர்ச்சி, சர்வதேச பண நிதி, நிறுவனம் க்கு பொருளாதார நீதி, மனிதன் அறிவியல் ஆராய்ச்சி சபை, மனிதன் அறிவியல் ஆராய்ச்சி, வாஷிங்டன் ஒருமித்த கருத்து, கிழக்கு ஆசியா, லத்தீன் அமெரிக்கா,