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.

All labels observed (3)

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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 ⓘ
Growth, Employment and Redistribution strategy ⓘ
associatedWith 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 strategy ⓘ
timePeriod post-apartheid era ⓘ

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Thabo Mbeki → signaturePolicy → GEAR (Growth, Employment and Redistribution) strategy ⓘ
GEAR (Growth, Employment and Redistribution) strategy → alsoKnownAs → Growth, Employment and Redistribution strategy ⓘ
linked to: GEAR (Growth, Employment and Redistribution) strategy
GEAR (Growth, Employment and Redistribution) strategy → shortName → GEAR strategy ⓘ
linked to: GEAR (Growth, Employment and Redistribution) strategy
Reconstruction and Development Programme → replacedBy → Growth, Employment and Redistribution strategy ⓘ
linked to: GEAR (Growth, Employment and Redistribution) strategy