Zumanomics Revisited - The Road from Mangaung to 2030
Zumanomics Revisited is a sequel to the successful 2009 publication, Zumanomics – Which Way to Shared Prosperity in South Africa? This was a well-received and influential exposition of what might be President Jacob Zuma’s national agenda after the 2009 election. The economic and political landscape has now changed significantly. Many of the issues then raised have since visibly and urgently again entered into the national debate, as South Africa continues to seek an economy that is bigger, stronger and better.
In the light of global and domestic developments since 2009, Raymond Parsons now reassesses the economic prospects for SA post-Mangaung and following the 2014 general election. While the 2009 publication was a collective effort with other contributors, this is an individual one. Many red lights are flashing for the economy and SA is struggling to avoid a ‘low-growth trap’. What are the conditions for the success of the National Development Plan’s vision for 2030 and can it be translated into reality? What will happen after the 2014 election?
Drawing on his considerable experience and analysis of SA’s political economy, Professor Parsons redefines and updates Zumanomics in the light of these developments. Will South Africa be able to move successfully to address the triple challenges of unemployment, poverty and inequality identified by President Zuma as the three greatest issues needing South Africa’s attention? How can the country improve its global competitiveness? How can SA best build on its strengths and address its weaknesses?
According to Prof Parsons, much has happened in SA since 2009 to require a fresh look at where the country stands and what is the way ahead economically and politically. “We are now also in a new phase between the ANC's elective conference in December 2012 and the elections next year.” Prof Parsons stated that there are still tough decisions ahead if SA wants to do better after the 2014 elections. The country has reached a fork in the road to the goal of 'shared prosperity', given its current weak economic performance and social tensions.
Prof Parsons also stated that the latest 'Zumanomics’ is therefore not a sequel to the previous book, but an attempt by myself to assess anew how SA can more successfully tackle its socio-economic challenges, in particular through the implementation of the latest National Development Plan. “This plan has the potential to make a big difference to SA's future, but it will require the vision it offers for 2030 to be shared by as many South Africans as possible if the plan is to succeed.
On 20 August, this book was launched during a cheese-and-wine book launch event at the North-West University in Potchefstroom.