Prof Kuben Naidoo: Inequality is bad for growth

Posted by Melt van Schoor on 2012-09-25

Kuben Naidoo, former head of the Secretariat of the National Planning Commission in the President's Office and honorary professor in Economics at Stellenbosch University recently delivered a lecture in Stellenbosch to students, university staff and visitors on the topic of inequality and growth. He reviewed recent theoretical and empirical research showing various reasons why inequality, particularly very high inequality such as found in South Africa, is likely having a strong limiting impact on economic growth and carries the potential for further destabilization. He distinguished between income and asset inequality and identified human capital as a particularly important mechanism that perpetuates inequality over time. Especially with regards to the latter, a serious policy challenge exists as the education system has failed in many areas despite a substantial increase in resources being allocated to it.

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BER Weekly

12 April 2021
In the two weeks since the previous weekly release, the global newsflow on COVID-19 has seesawed. There were positive headlines as vaccine rollouts in many countries (excluding SA unfortunately) continued, resulting in a brighter outlook for global growth. However, this was countered by growing concerns about the near-term impact of renewed lockdowns...

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Upcoming Seminars

No seminars are currently listed. Please check back soon.
 
More...

BER Weekly

12 April 2021
In the two weeks since the previous weekly release, the global newsflow on COVID-19 has seesawed. There were positive headlines as vaccine rollouts in many countries (excluding SA unfortunately) continued, resulting in a brighter outlook for global growth. However, this was countered by growing concerns about the near-term impact of renewed lockdowns...

Read the full issue