This paper argues for prioritising #infrastructureprojects to make #economic progress by observing the following: macroeconomic environment, policy uncertainty, and the impact of the #Covid19 in #SouthAfrica (SA) through the resulting economic lockdown. This will be performed by looking at the situation before the lockdown and the anticipated economic outlook post-lockdown. Consequently, the article recommends the important policy position leaning on the unbalanced growth economic strategy.1 This should not be viewed as a panacea but rather as an add-on to the proposed Sovereign Bond initiative, which looks at fueling the economy through boosting liquidity – the stimulus budget. The paper will also look at the relevance of infrastructure #development, for instance, construction projects, as a quick-win in terms of job creation as well focusing on the infrastructure projects which should be prioritized. The paper will also acknowledge reforms which are afoot, which if adhered to and given enough publicity could improve the country’s economic #growth and credit rating.download full publication
“We can no longer continue to make policies for ourselves, our countries, our region and our continent on the basis of whatever the westerners will give us. It will not work, it has not worked...Our responsibility is to charter a path which is about how we can develop our nations ourselves.”
“only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That is our basic function: to develop alternatives to existing policies, to keep them alive until the politically impossible becomes the politically inevitable.”
“The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.”
“Basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society.”
“...where effective competition can be created, it is a better way of guiding individualefforts than any other... regards competition as superior not only because it is in mostcircumstances the most efficient method known but even more because it is the only methodby which our activities can be adjusted to each other without coercive or arbitraryintervention of authority.”
"The fundamental cure for poverty is not money but knowledge."