5 things South Africa should consider for an economic plan

The Money Show’s Bruce Whitfield interviewed Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria.

Fioramonti discussed five big things South Africa should consider for an economic plan.

Scroll down for quotes from the audio below.

Not having taken water into account when designing our economic system was very short-sighted.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

In future we need to integrate what nature gives us into our planning.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

Just looking at jobs is not enough. We need to rethink what we mean by ‘productive work’.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

We have to plan for the economy of the future.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

Some FDI hinders the capacity of our economy to adapt.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

We need investments that is sustainable. We need to take FDI with a grain of salt.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

GDP is a myopic measure of economic performance. We need measures of progress that take long-term prosperity into account.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

40% of energy in Germany is produced by households and small producers. We need co-production models such as this. We need to experiment and see what works.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

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This article first appeared on 702 : 5 things South Africa should consider for an economic plan


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