Nombulelo Gumata,Eliphas Ndou
The Secular Decline of the South African Manufacturing Sector: Policy Interventions, Missing Links and Gaps in Discussions
The Secular Decline of the South African Manufacturing Sector: Policy Interventions, Missing Links and Gaps in Discussions
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This book examines the decline of South African manufacturing and offers policy recommendations to meet the South African National Development Plan's objectives. It combines analysis of industrial policy, competition policy, and merger remedies to preserve a competitive environment and support output, investment, and employment growth.
Format: Paperback / softback
Length: 370 pages
Publication date: 11 November 2021
Publisher: Springer Nature Switzerland AG
This comprehensive book delves into the intricate factors that have contributed to the decline of South African manufacturing. Employing a combination of quantitative and econometric techniques, it examines the macroeconomic conditions that can lead to improved performance within the manufacturing sector. By leveraging empirical evidence, the book presents policy recommendations aimed at enabling the South African National Development Plan to achieve its objectives.
The book's central objective is to develop a comprehensive framework that combines analysis of industrial policy, competition policy, and merger remedies. This framework aims to preserve a competitive environment and support the growth of output, investment, and employment. Given its relevance to African development, development economics, and labor economics, this book offers valuable insights for scholars, policymakers, and industry professionals alike.
In the first chapter, the book provides an overview of the South African manufacturing sector, highlighting its historical development, key challenges, and the role it plays in the country's economy. It also explores the various factors that have contributed to the decline of manufacturing in South Africa, including globalization, trade policies, infrastructure constraints, and labor market issues.
The second chapter delves into the analysis of industrial policy. It examines the policies and regulations that have impacted the manufacturing sector, including trade policies, investment incentives, and industrial development programs. The chapter explores the effectiveness of these policies in promoting industrial growth and competitiveness and identifies areas where improvements can be made.
The third chapter focuses on competition policy. It examines the mechanisms and institutions that promote competition in the manufacturing sector, such as antitrust laws, competition agencies, and market regulations. The chapter explores the challenges of maintaining a competitive environment in the face of globalization and discusses the role of competition policy in promoting innovation, efficiency, and consumer welfare.
The fourth chapter examines merger remedies. It explores the legal and regulatory frameworks that govern mergers and acquisitions in the manufacturing sector and discusses the potential impact of these mergers on competition and consumer welfare. The chapter also examines the effectiveness of merger remedies in preventing anti-competitive behavior and promoting fair competition.
In the concluding chapter, the book summarizes the key findings and recommendations from the previous chapters. It highlights the importance of a comprehensive and integrated approach to industrial policy, competition policy, and merger remedies in preserving a competitive environment and supporting the growth of South African manufacturing. The book also emphasizes the need for policymakers to prioritize investment in infrastructure, education, and research to enhance the manufacturing sector's competitiveness.
Overall, this book provides a valuable contribution to the literature on industrial policy, competition policy, and merger remedies. It offers insightful analysis and practical recommendations that can help policymakers and industry professionals address the challenges facing the South African manufacturing sector and promote sustainable economic growth.
Weight: 531g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030551506
Edition number: 1st ed. 2020
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