The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was launched by Deputy President Phumzile Mlambo-Ngcuka in February 2006. After research and discussion with stakeholders, government identified six “binding constraints on growth” that needed to be addressed so as to progress in its desire for shared growth and to achieve its target of halving unemployment and poverty between 2004 and 2014. This could be achieved if the economy grew at an average rate of at least 4.5% in the period to 2009, and by an average of 6% in the period 2010 to 2014. These binding constraints were: deficiencies in government’s capacity the volatility of the currency low levels of investment infrastructure and infrastructure services shortages of suitably skilled graduates, technicians and artisans insufficiently competitive industrial and services sectors and weak sector strategies inequality and marginalisation, resulting in many economically marginalised people being unable to contribute to and/or share in the benefits of growth and developmen Which macroeconomic objective is not being explicitly pursued in the above binding constraints? a) Balance of payments stability b) Full employment c) Price stability d) Distribution of income
The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was launched by Deputy President Phumzile Mlambo-Ngcuka in February 2006. After research and discussion with stakeholders, government identified six “binding constraints on growth” that needed to be addressed so as to progress in its desire for shared growth and to achieve its target of halving
These binding constraints were:
deficiencies in government’s capacity
the volatility of the currency
low levels of investment infrastructure and infrastructure services
shortages of suitably skilled graduates, technicians and artisans
insufficiently competitive industrial and services sectors and weak sector strategies
inequality and marginalisation, resulting in many economically marginalised people being unable
to contribute to and/or share in the benefits of growth and developmen
Which
a) Balance of payments stability
b) Full employment
c)
d) Distribution of income
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