Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 63 , 28 December 2023
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Economic Development Trends in Africa: A Case Study of South Africa Before, During, and After the COVID-19 Pandemic
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Abstract
The global economy has been significantly affected by the COVID-19 pandemic, and Africa has not been spared from its widespread repercussions. This paper aims to provide a comprehensive analysis of the economic development trends in Africa, with a particular focus on South Africa, across three distinct phases: pre-pandemic, during the pandemic, and post-pandemic. Utilizing the combination of textual analysis and secondary data, the paper delves into both the macro and micro economic impact of these phases on the South African economy. The study aims to shed light on the resilience and vulnerabilities of the South African economy in the face of global challenges such as trade tensions, geopolitical uncertainties, and the unprecedented health crisis brought about by the pandemic. It also explores the government's policy responses and their effectiveness in mitigating the economic fallout. Furthermore, the paper examines the sectoral impacts, highlighting how key industries like mining, manufacturing, and services have been affected and are recovering. By offering a multi-dimensional analysis, this paper seeks to provide valuable insights for policymakers, researchers, and stakeholders interested in the economic development and recovery of South Africa in a rapidly changing global landscape.
Keywords
economic development, South Africa, COVID-19, pandemic, post-pandemic recovery
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-227-5
- ISBN (Online)
- 978-1-83558-228-2
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/63/20231393
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited