Strukturální vývoj jihoafrické ekonomiky

Economic development is often accompanied by structural transformation of economy. Structural transformation is defined as movement of labour from low-productivity sectors to high-productivity sectors. Sub-Saharan Africa has been facing structural deficit, meaning it lacks such movements. The region still suffers from high shares of agriculture in GDP and negligible shares of industrial sector. However, South Africa is outperforming Sub-Saharan African peers in many ways. The country has undergone many changes over the past few decades that have had an impact on the sectoral composition of the South African GDP. As a regional manufacturing hub, South Africa is the most industrialized and diversified economy in Africa. It raises the question whether this success within the region has owed much to good structural policies. The thesis therefore examines South African structural transformation process in the period from 1961, when the country achieved independence, to the present.