The impact of the global financial crisis on decentralized government in South Africa

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dc.contributor.authorSteytler, Nico
dc.contributor.authorPowell, Derek
dc.date.accessioned2019-07-25T08:46:20Z
dc.date.available2019-07-25T08:46:20Z
dc.date.issued2010
dc.description.abstractTh e global fi nancial crisis has had a severe impact on South Africa.1 Th e economy went into recession in 2008/09 for the fi rst time in 17 years. Nearly a million jobs were lost in 2009 alone. Growth has resumed, but the recovery is fragile, and another recession possible. Rising unemployment and poverty have placed greater demands on state resources even as revenues contracted, and there is mounting political pressure on government to review its economic policy. Th is paper examines the impact of the global fi nancial crisis on South Africa, in particular on how the highly centralized federal system absorbed and responded to the crisis. We make two arguments: First, the political implications of the crisis are far-reaching.en_US
dc.identifier.citationSteytler, N., & Powell, D. (2010). The impact of the global financial crisis on decentralized government in South Africa. L'europe En Formation, 358(4), 149. doi: 10.3917/eufor.358.0149en_US
dc.identifier.urihttp://hdl.handle.net/10566/4745
dc.language.isoenen_US
dc.publisherL'europe En Formationen_US
dc.subjectFinancial crisisen_US
dc.subjectGovernmenten_US
dc.subjectSouth Africaen_US
dc.subjectUnemploymenten_US
dc.subjectPolitical pressureen_US
dc.titleThe impact of the global financial crisis on decentralized government in South Africaen_US
dc.typeArticleen_US

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