The Republic of South Africa is one of the strongest economies in Africa, with a per-capita GDP
Question:
The Republic of South Africa is one of the strongest economies in Africa, with a per-capita GDP at $13,400 in 2017.
The World Bank has estimated that South Africa has a Gini index of 63 (out of a 100). The unemployment rate in the country is also very high at 27 percent. Do some research and try to explain how it is possible for South Africa to have a relatively high per-capita GDP and high economic inequality.
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The coexistence of a relatively high percapita GDP and high economic inequality in South Africa can be explained by a combination of historical social and economic factors Historical Legacy of Aparthe...View the full answer
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Related Book For 
Principles Of Economics
ISBN: 9781292294698
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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