South Africa Wine Cluster

THE SOUTH AFRICAN WINE CLUSTER MICRO-ECONOMICS OF COMPETITIVENESS Mutsa Chironga, maria Demeke, Chris Maloney, Leigh Miselis, Markus Scheuermaier whitethorn 5 2006 The S egressh African Wine conclave 1. 1.1 Introduction and expanse Analysis Political and Economic performance Situated at the grey tip of the African continent, a considerable distance outside(a) from most of its traditional markets, South Africa has had a traumatic history. blood line with the arrival of the first Dutch settlers in 1652, the past ternary centuries have been marked by colonization, war, and racist oppression. Nonetheless, South Africa has experience a level of industrialization unrivalled in Africa, with a heterogeneous population of 42-45 million people (EIU; WDI 2005), which is about 80% black, 10% Indian and nonreversible (mixed-race) and 10% white. Since the end of apartheid in 1990-94, South Africa has been a achievement story when it comes to political transition. Howe ver, the scotch transition has not been as easy. The legacy of apartheid remains quite profound: a Gini coefficient of 0.58, qualification it the fifth most uneven country in the area; unemployment of 27%; and nearly 57% of the population living in poverty (WDI 2005).

At the alike(p) time, however, South Africa remains a nerve centre income country: its gross domestic product per capita stands at US$10,798 (in PPP terms), and real GDP growth has picked up from an add up of 3% in 19942004 to almost 5% in 2005 (WDI, 2005; EIU). short letter confidence is high, and the countrys monarch risk rating, at Baa1, i s at the high end of subvert investment cl! ique ratings (www.brait.com). South Africa: GDP addition 6 5 4 3 GDP Growth (%) 2 1 0 1984 1989 1995 1999 2001 1981 1982 1985 1986 1987 1990 1991 1993 1996 1997 2002 2003 2005 1983 1988 1992 1994 1998 2000 2004 -1 -2 -3 Source: EIU (2005) 5-year GDP middling Annual GDP Growth 1 The South African Wine Cluster From a macroeconomic perspective, South Africa has had a flexible...If you want to pop out a full essay, order it on our website: OrderCustomPaper.com

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