Ghana hasn’t been able to withstand economic shocks or manage its debt because it hasn’t dealt with structural economic problems.
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Articles on structural reforms
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South Africa’s National Treasury now proposes to reduce salaries. On the face of it this seems sensible. But the fundamental issue is the structure of the public service.
Mauritius preserved its social welfare system even during structural reforms in the 1970s. It is now better prepared than most nations for the health and economic impact of COVID-19.
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
A big surplus will come. It should be saved for something important, not simply spent.
From the 20th-century process of policy trial and error, the nations that married the strengths of markets and government came out ahead.
There are many good things about the budget, including the promised cut to the payroll, but many of the key commitments relating to how policies will support growth are, at best, pointers.
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Industry Professor, University of Technology Sydney
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Professor, Monash University
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Honorary Professor of Economics, UCL
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Senior lecturer, University of Tasmania
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor - Department of Economics, Macquarie University
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Professorial Research Fellow, Melbourne Institute, The University of Melbourne
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Professor of Economics, UNSW Sydney
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Professor of Economics, Griffith University
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Adjunct Professor, College of Business, Victoria University
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Professor of Economics and Director, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor and Director of The Nelson Mandela School of Public Governance, University of Cape Town
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Senior Lecturer in Macroeconomics, University of Tasmania
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Senior Research Fellow, Johannesburg Institute for Advanced Study, University of Johannesburg
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Advisory board, Centre for Transformative Innovation, Swinburne University of Technology
