South Africa
During the 1960s the South African economy expanded at an annual average rate of 5,5 percent and experienced average inflation of 2,4 percent. This compared with annual growth of 5,0 percent in industrialised Organisation for Economic Corporation and Development (OECD) countries and inflation of 2,9 percent. Dollar per capita income grew 73 percent during the decade. The 1970s were turbulent years internationally and the domestic economy grew by only 3,2 per cent per annum (versus 3,4 percent in OECD countries). Relative economic performance was beginning to deteriorate. but a strong gold price shielded policy makers from this reality. In the second half of the 1980s growth had slumped to 1,5 percent per annum, inflation had started to soar (to 15,7 percent on average) and the exchange rate to deteriorate. At the same time annual OECD growth had risen to 3,5 percent and inflation had moderated to 3,7 percent from 8,3 percent in the 1970s. During this period the Rand depreciated by a huge 34,9 percent against a trade-weighted basket of currencies. South Africa's economic performance in the 1980s and the early 1990s was severely hampered by a poor political environment and t
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Some common words found in the essay are:
South African, South Africa, South Africa's, Africa Bank, Programme RDP, Savings Bank, Asian African, Mossel Bay, Societies Act, Product GDP, south africa, south african, south africa's, manufacturing sector, south african economy, percent total, african economy, *the national, building societies, private sector, iron steel, banks building societies, percent total exports, employment creation manufacturing, reconstruction development programme,
Approximate Word count = 6046
Approximate Pages = 24 (250 words per page double spaced)
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