World Bank2017-02-172017-02-172012https://hdl.handle.net/10986/26076Section one provides an economic update and assesses the challenges and near-term prospects facing the South African economy. In particular, it looks at the implications for South Africa of the resurgence of uncertainty in global financial markets, the surge in capital flows to safe-haven assets, the continuing Euro zone crisis, and signs of slowdown in some of the large emerging market economies. Section two focuses on inequality of opportunity in South Africa. For the first time, using innovative techniques, this section presents an analysis of the interlinked inequality of opportunities for children and for access to employment. Every society has a degree of inequality of outcomes that reflects differences in innate human capabilities, effort, education, experience, and skills. But a recognized goal for public policy is to ensure at least the equality of opportunity for every individual in a country. Many countries have used this new approach to develop targeted policies to promote such equality of opportunity and to monitor and evaluate the success of public programs.en-USCC BY 3.0 IGOACCESS TO EDUCATIONACCESS TO EMPLOYMENTACCESS TO FINANCEACCESS TO TELECOMMUNICATIONSACCOUNTINGADVERSE EFFECTSALUMINUM PRICESAPARTHEIDBANK LENDINGBANKING CRISESBANKSBASIS POINTSBONDBOND ISSUANCEBOND MARKETSBONDSBORROWINGBORROWING COSTSBORROWING REQUIREMENTBUDGET DEFICITBUDGET DEFICITSBUSINESS CONFIDENCECAPACITY CONSTRAINTSCAPITAL FLOWCAPITAL FLOWSCAPITAL FORMATIONCAPITAL INFLOWSCAPITAL OUTLAYSCHILD CARECOMMODITIESCOMMODITYCOMMODITY EXPORTSCOMMODITY PRICESCOMMON CURRENCY AREACOMMUNICATIONS DEVELOPMENTCOMPETITIVENESSCONFIDENCE INDEXCONSUMER CONFIDENCECONSUMER DEBTCONSUMER PRICECONSUMER PRICE INDEXCONSUMER PRICESCONSUMER SPENDINGCONSUMPTION EXPENDITURECREDIT DEFAULTCREDIT DEFAULT SWAPCREDIT RATINGCREDIT RATING AGENCIESCREDIT SQUEEZECURRENCYCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITCUSTOMS UNIONDEBTDEBT ACCUMULATIONDEBT CRISISDEMAND MANAGEMENTDEMOGRAPHICDEVELOPING COUNTRIESDEVELOPING COUNTRYDISPOSABLE INCOMEDIVIDENDDIVIDEND PAYMENTSDOMESTIC ECONOMYDOWNSIDE SCENARIOSDURABLESEARLY CHILDHOODEARLY CHILDHOOD EDUCATIONEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTSECONOMIC OPPORTUNITIESECONOMIC PERFORMANCEECONOMIC POLICYEDUCATION SYSTEMEMERGING MARKETEMERGING MARKET ECONOMIESEMERGING MARKETSEMPLOYMENT OPPORTUNITIESEMPLOYMENT SITUATIONEMPLOYMENT STATUSENROLLMENTEQUALITY OF OPPORTUNITIESEQUALITY OF OPPORTUNITYEQUITIESEQUITY FLOWSEQUITY MARKETEXCHANGE RATEEXCHANGE RATESEXCLUSIONEXPENDITUREEXPENDITURESEXPORT GROWTHEXPORT MARKETEXPORTERSEXPOSUREEXTERNAL MARKETEXTERNAL SHOCKSFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL VIABILITYFISCAL CONSOLIDATIONFISCAL POLICYFIXED CAPITALFIXED INVESTMENTFOOD PRICESGENDERGLOBAL ECONOMIC PROSPECTSGLOBAL ECONOMYGLOBAL EQUITIESGLOBAL EQUITYGLOBAL EQUITY MARKETGLOBAL FINANCIAL MARKETGLOBAL FINANCIAL MARKETSGLOBAL RISKSGOVERNMENT BUDGETGOVERNMENT DEBTGOVERNMENT SPENDINGGROSS DEBTGROWTH RATESHOLDINGHOUSEHOLD DEBTHOUSEHOLD WEALTHHOUSEHOLDSHUMAN CAPITALHUMAN CAPITAL DEVELOPMENTHUMAN DEVELOPMENTINCOME GROWTHINCOME INEQUALITYINEQUALITIESINEQUALITYINEQUITABLE ACCESSINFLATIONINFLATION TARGETINFLATIONARY PRESSURESINFRASTRUCTURE PROJECTSINSURANCEINTEREST COSTINTEREST RATEINTEREST RATESINTERNATIONAL BANKINTERNATIONAL BUSINESSINVENTORIESINVESTMENT RATEINVESTMENT RATESIPOLABOR MARKETLABOR MARKETSLABOUR FORCELABOUR FORCE SURVEYSLACK OF INFORMATIONLENDING CONDITIONSLOCAL CURRENCIESLOCAL CURRENCYLOW INTEREST RATESMACROECONOMIC POLICYMARKET ACCESSMARKET ANALYSTSMARKET CONFIDENCEMARKET ECONOMIESMARKET TRANSITIONMARKET VOLATILITYMATURE MARKETSMIDDLE-INCOME COUNTRIESMIDDLE-INCOME COUNTRYNATIONAL TREASURYNUTRITIONOIL PRICEOIL PRICESOUTPUTPOLICY DESIGNPOLITICAL UNCERTAINTIESPOLITICAL UNCERTAINTYPORTFOLIOPORTFOLIO FLOWSPRIVATE ENTERPRISESPRIVATE INVESTMENTPRODUCER PRICEPRODUCER PRICE INDEXPUBLIC POLICYPUBLIC SECTOR BORROWINGPURCHASINGPURCHASING POWERRATES OF RETURNRECESSIONREMITTANCESRESERVERESERVE BANKRETAILRETIREMENT SAVINGSRISK AVERSIONSALESSAVINGSSETTLEMENTSKILL SHORTAGESSOCIAL NETWORKSSOCIOECONOMIC BACKGROUNDSOVEREIGN DEBTSPREADSTOCK EXCHANGESTRUCTURAL PROBLEMSSUPPLY CHAINSUPPLY CHAIN MANAGEMENTTAXTELECOMMUNICATIONSTRADE BALANCETRADINGTRANSITION COUNTRIESUNEMPLOYMENTUNEMPLOYMENT RATEUNEMPLOYMENT RATESUNEQUAL ACCESSUNIONUNIVERSAL ACCESSUNSECURED CREDITURBAN AREAURBAN AREASVALUATIONVULNERABLE GROUPSWOMANWORLD TRADEeconomic growtheconomic outlookReportWorld Bank10.1596/26076