Business Maverick Op-Ed: Progressive prosperity: SA can break out of a slow growth start-stop trap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Business Maverick Op-Ed: Progressive prosperity: SA can break out of a slow growth start-stop trap By Miriam Altman MiriamAltman

Think of all the reasons why South Africa does not power ahead. High inequality, the legacy of apartheid, deep poverty, a divided society, crime and corruption might be top of the list. Economic arguments might point to distance from markets, a slow-growing region, or a resource curse.

Being stuck in unproductive ways of doing things may be a more important explanation for slow progress in so many economies. The question is about how policy is executed, and less about precisely what the policies are. We do know that the government has to play a significant role. There is no example of major structural-developmental shifts driven by the market on its own.

How many no-roadmap programmes can be taken on simultaneously? Their uncertainty requires greater attention and step-by-step learning. Early successes from small focused steps can enhance buy-in. Taking on too much uncertainty and overreaching can delay measurable results, leading to project abandonment and the stop-start behaviour characterising a country that is stuck.

Shared purpose is not achieved through a woolly pathway of feel-good talk shops. Clear, coherent and consistent messaging about the actions sought from frontline workers to deliver on an organisational vision is an essential requirement from leaders. In the context of SA’s public sector, the first step is to ensurein key delivery areas. This has to be aligned to a system that evaluates performance and corrects, rewards, or sanctions.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: IMF Cuts Global Growth Forecast Again as ‘Missteps’ Fuel ConcernThe International Monetary Fund further reduced its global growth outlook, already the lowest since the financial crisis, and suggested that policy “missteps” on trade and Brexit could derail a projected rebound.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Tuesday, 23 July: Five Things You Need to Know to Start Your DayIran ratcheted up tensions by revealing plans to execute spies it says were CIA-trained. Donald Trump hopes Xi Jinping will do the right thing in Hong Kong. And Huawei’s fortunes may be about to change. Here are some of the things people in markets are talking about today.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Wednesday, July 24: Five Things You Need to Know to Start Your DayTrade talks between China and the U.S. are back on. And Beijing would like Washington to keep its mitts off of Hong Kong. Here are some of the things people in markets are talking about today.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

BUSINESS MAVERICK: Naspers’ Amsterdam listing elicits taxing questionsA kerfuffle has broken out among asset management companies about a scheme to avoid the immediate payment of capital gains tax in the process of Naspers’ listing in Amsterdam. Some say it’s tax avoidance rather than tax evasion. Others say it’s risky and opens shareholders to a tax challenge, so they are advising their clients to not do it. It shows Naspers shareholders face more than one tricky choice they should consider carefully.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »