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South Africa Economic Update, July 2012 : Focus on Inequality of Opportunity

ACCESS TO EDUCATION ACCESS TO EMPLOYMENT ACCESS TO FINANCE ACCESS TO TELECOMMUNICATIONS ACCOUNTING ADVERSE EFFECTS ALUMINUM PRICES APARTHEID BANK LENDING BANKING CRISES BANKS BASIS POINTS BOND BOND ISSUANCE BOND MARKETS BONDS BORROWING BORROWING COSTS BORROWING REQUIREMENT BUDGET DEFICIT BUDGET DEFICITS BUSINESS CONFIDENCE CAPACITY CONSTRAINTS CAPITAL FLOW CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL OUTLAYS CHILD CARE COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICES COMMON CURRENCY AREA COMMUNICATIONS DEVELOPMENT COMPETITIVENESS CONFIDENCE INDEX CONSUMER CONFIDENCE CONSUMER DEBT CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CONSUMER SPENDING CONSUMPTION EXPENDITURE CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RATING CREDIT RATING AGENCIES CREDIT SQUEEZE CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMS UNION DEBT DEBT ACCUMULATION DEBT CRISIS DEMAND MANAGEMENT DEMOGRAPHIC DEVELOPING COUNTRIES DEVELOPING COUNTRY DISPOSABLE INCOME DIVIDEND DIVIDEND PAYMENTS DOMESTIC ECONOMY DOWNSIDE SCENARIOS DURABLES EARLY CHILDHOOD EARLY CHILDHOOD EDUCATION EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE ECONOMIC POLICY EDUCATION SYSTEM EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EMPLOYMENT OPPORTUNITIES EMPLOYMENT SITUATION EMPLOYMENT STATUS ENROLLMENT EQUALITY OF OPPORTUNITIES EQUALITY OF OPPORTUNITY EQUITIES EQUITY FLOWS EQUITY MARKET EXCHANGE RATE EXCHANGE RATES EXCLUSION EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT MARKET EXPORTERS EXPOSURE EXTERNAL MARKET EXTERNAL SHOCKS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL VIABILITY FISCAL CONSOLIDATION FISCAL POLICY FIXED CAPITAL FIXED INVESTMENT FOOD PRICES GENDER GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBAL EQUITIES GLOBAL EQUITY GLOBAL EQUITY MARKET GLOBAL FINANCIAL MARKET GLOBAL FINANCIAL MARKETS GLOBAL RISKS GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT SPENDING GROSS DEBT GROWTH RATES HOLDING HOUSEHOLD DEBT HOUSEHOLD WEALTH HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT INCOME GROWTH INCOME INEQUALITY INEQUALITIES INEQUALITY INEQUITABLE ACCESS INFLATION INFLATION TARGET INFLATIONARY PRESSURES INFRASTRUCTURE PROJECTS INSURANCE INTEREST COST INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BUSINESS INVENTORIES INVESTMENT RATE INVESTMENT RATES IPO LABOR MARKET LABOR MARKETS LABOUR FORCE LABOUR FORCE SURVEYS LACK OF INFORMATION LENDING CONDITIONS LOCAL CURRENCIES LOCAL CURRENCY LOW INTEREST RATES MACROECONOMIC POLICY MARKET ACCESS MARKET ANALYSTS MARKET CONFIDENCE MARKET ECONOMIES MARKET TRANSITION MARKET VOLATILITY MATURE MARKETS MIDDLE-INCOME COUNTRIES MIDDLE-INCOME COUNTRY NATIONAL TREASURY NUTRITION OIL PRICE OIL PRICES OUTPUT POLICY DESIGN POLITICAL UNCERTAINTIES POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO FLOWS PRIVATE ENTERPRISES PRIVATE INVESTMENT PRODUCER PRICE PRODUCER PRICE INDEX PUBLIC POLICY PUBLIC SECTOR BORROWING PURCHASING PURCHASING POWER RATES OF RETURN RECESSION REMITTANCES RESERVE RESERVE BANK RETAIL RETIREMENT SAVINGS RISK AVERSION SALES SAVINGS SETTLEMENT SKILL SHORTAGES SOCIAL NETWORKS SOCIOECONOMIC BACKGROUND SOVEREIGN DEBT SPREAD STOCK EXCHANGE STRUCTURAL PROBLEMS SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT TAX TELECOMMUNICATIONS TRADE BALANCE TRADING TRANSITION COUNTRIES UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNEQUAL ACCESS UNION UNIVERSAL ACCESS UNSECURED CREDIT URBAN AREA URBAN AREAS VALUATION VULNERABLE GROUPS WOMAN WORLD TRADE economic growth economic outlook
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World Bank, Washington, DC
Africa | South Africa
2017-02-17T15:54:29Z | 2017-02-17T15:54:29Z | 2012

Section one provides an economic update and assesses the challenges and near-term prospects facing the South African economy. In particular, it looks at the implications for South Africa of the resurgence of uncertainty in global financial markets, the surge in capital flows to safe-haven assets, the continuing Euro zone crisis, and signs of slowdown in some of the large emerging market economies. Section two focuses on inequality of opportunity in South Africa. For the first time, using innovative techniques, this section presents an analysis of the interlinked inequality of opportunities for children and for access to employment. Every society has a degree of inequality of outcomes that reflects differences in innate human capabilities, effort, education, experience, and skills. But a recognized goal for public policy is to ensure at least the equality of opportunity for every individual in a country. Many countries have used this new approach to develop targeted policies to promote such equality of opportunity and to monitor and evaluate the success of public programs.

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