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Economic inequality: A binding constraint

SPEAKERS: Gabriel Palma, Neva Makgetla and Basani Baloyi

A coherent strategy for the South African economy requires a response to one of its foremost challenges – that of economic inequality. For decades, South Africa has had the highest reported level of income inequality in the world. Yet a multitude of studies demonstrate that unusually unequal societies generally see slower and less consistent growth. Understanding the factors that reproduce inequality globally and in South Africa, and how they affect access to economic resources and opportunities as well as the prospects for sustained development, is critical for establishing appropriate responses. In this context, it is important to explore the effects of the COVID-19 pandemic on inequality in order to ensure that the reconstruction strategy helps overcome economic and social divisions as well as accelerating economic growth.

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About the APORDE programme: APORDE is a two-week high-level annual seminar that brings together academics, policy-makers and civil society representatives to investigate economic development options. It is aimed at building capacity in the South, particularly in Africa and founded on the need to broaden perspectives on development thinking and policymaking.

Sep 8, 2020 03:30 PM in Johannesburg