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ISBN-10: 9264046925

ISBN-13: 9789264046924

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Additional resources for OECD Economic Surveys 2008: South Africa

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1 Disadvantages SITC, rev. 3 2000 Import share 2001 2002 2003 2004 2005 2006 2006 Cumul. s. s. s. 2 Source: United Nations, Commodity Trade Statistics database (COMTRADE). OECD ECONOMIC SURVEYS: SOUTH AFRICA – ECONOMIC ASSESSMENT – ISBN 978-92-64-04692-4 – © OECD 2008 31 1. ACHIEVING ACCELERATED AND SHARED GROWTH FOR SOUTH AFRICA supply response to rising international precious metals prices arising from the relicensing of mining companies beginning in 2004, uncertainty over which is only now beginning to dissipate.

This would be less straightforward in South Africa than in a case like Norway, where natural resource windfalls are easier to identify and extract. If exchange rate volatility is truly perceived as one of the main constraints to faster growth, however, then progress in this direction might be warranted. Moreover, while some statements of AsgiSA include the high level of the exchange rate as a concern, over and above volatility, there is no policy action explicitly targeted at correcting such a possible overvaluation of the rand.

If exchange rate volatility is truly perceived as one of the main constraints to faster growth, however, then progress in this direction might be warranted. Moreover, while some statements of AsgiSA include the high level of the exchange rate as a concern, over and above volatility, there is no policy action explicitly targeted at correcting such a possible overvaluation of the rand. There are references to “ensuring OECD ECONOMIC SURVEYS: SOUTH AFRICA – ECONOMIC ASSESSMENT – ISBN 978-92-64-04692-4 – © OECD 2008 43 1.

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OECD Economic Surveys 2008: South Africa by OECD


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