01961cas a2200241 a 4500 AALejournalIMF021269 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513557731 1018-5941 BD-DhAAL BD-DhAAL Thakoor, Vimal. Market Power, Growth, and Inclusion : The South African Experience / Vimal Thakoor. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, poverty, and inequality, hindering inclusion efforts. The pandemic has worsened economic and social vulnerabilities. Economic recovery and social inclusion hinge critically on structural reforms to boost competiveness and growth. Product markets represent a cornerstone of the reform strategy. Firms have used their market power to drive up prices and limit competition. Important state-owned monopolies provide low-quality services, while representing a fiscal drag. Existing regulations inhibit the entry of both domestic and foreign firms. Addressing product markets constraints could boost per capita growth by 1 percentage point-adding about 2 1\2 percentage points to headline growth-and foster greater inclusion. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2020/206 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/206/001.2020.issue-206-en.xml IMF e-Library