GEAR (Growth, Employment and Redistribution) strategy

E286328

The GEAR (Growth, Employment and Redistribution) strategy was a mid-1990s South African macroeconomic policy framework that promoted fiscal discipline, market-oriented reforms, and export-led growth as the country’s post-apartheid economic roadmap.

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Statements (49)

Predicate Object
instanceOf economic policy
macroeconomic policy framework
adoptedInYear 1996
aimedAt attracting foreign investment
increasing international competitiveness
macroeconomic stability
alsoKnownAs GEAR
GEAR (Growth, Employment and Redistribution) strategy
surface form: Growth, Employment and Redistribution strategy
associatedWith African National Congress
surface form: African National Congress government
associatedWithFinanceMinister Trevor Manuel
associatedWithLeader Nelson Mandela
country South Africa
criticisedBy Congress of South African Trade Unions
left-wing political groups
trade unions
criticisedFor entrenching inequality
insufficient job creation
prioritising markets over social welfare
focus integration into the global economy
reducing public debt
geographicScope national
governmentTypeContext democratic South Africa
implementedInPeriod mid-1990s
keyPrinciple deficit reduction
export-led growth
financial liberalisation
fiscal discipline
privatisation of state-owned enterprises
tight monetary policy
trade liberalisation
legalStatus government policy framework
limited role of the state in the economy
mainGoal economic growth
employment creation
income redistribution
policyDomain fiscal policy
industrial policy
monetary policy
trade policy
policyOrientation market-oriented reforms
neoliberal economic policy
precededBy Reconstruction and Development Programme
promoted export-oriented industrialisation
labour market flexibility
private sector-led growth
replacedBy ASGISA
Accelerated and Shared Growth Initiative for South Africa
shortName GEAR (Growth, Employment and Redistribution) strategy self-linksurface differs
surface form: GEAR strategy
timePeriod post-apartheid era

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Thabo Mbeki signaturePolicy GEAR (Growth, Employment and Redistribution) strategy
GEAR (Growth, Employment and Redistribution) strategy alsoKnownAs GEAR (Growth, Employment and Redistribution) strategy
this entity surface form: Growth, Employment and Redistribution strategy
GEAR (Growth, Employment and Redistribution) strategy shortName GEAR (Growth, Employment and Redistribution) strategy self-linksurface differs
this entity surface form: GEAR strategy