Principles of Economics - Economy of the South Africa [영어,영문]
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Principles of Economics - Economy of the South Africa [영어,영문]에 대한 보고서 자료입니다.


1. Driving forces in the long-run economic growth in South Africa
 1) Industry of South Africa
 2) Two driving forces
  - Political stability
  - Free market principles and Outward orientation
2. Business Cycle of SA, with particular attention to the recession in mid-1970s through early 1990s
3. Effect of Credit Crunch on South African Economy


1. Driving forces in the long-run economic growth in South Africa
South Africa is located at the southernmost region of Africa. GDP of this country is 277 billion dollar and GDP per capita is $5,684 in 2008. SA’s GDP accounts for 40% of that of all countries in Africa.

1) Industry of South Africa
According to The National Productivity Statistics, economic sectors of South Africa can be classified three sectors. First one is the primary sector which includes agriculture, fishing, forestry, mining and quarrying etc. Agriculture accounts for about 4% of GDP. Major crops include corn, wheat, dairy products, sugarcane, tobacco, wine, and wool. Add to this, South Africa has abundant natural resources especially in gold, diamond (66% of all diamond in world) and platinum. It is world’s largest producer and exporter. These natural resources not only exported in the raw but also processed foods, value added minerals such as stainless steels, etc. The secondary sector, 21% of GDP composition, includes manufacturing, electricity and gas. SA’s several manufacturing industry is a world leader, mining equipment and machinery, railway rolling stock, synthetic fuels. Lastly the tertiary sector includes wholesale, retail trade & accommodation sector, transport, storage and communication sector & finance, real estate and business services sector. This sector accounts for about 71% of GDP. SA has tourist attractions and transportation infrastructure is well-developed.

2) Two driving forces
There were two driving forces for the long-run economic growth in South Africa.
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