OECD territorial reviews.
Contributors: Organisation for Economic Co-operation and Development.
Publisher: OECD
Published: 2008
Place of publication: Paris
Language: eng
Number of pages: 322
ISBN-13: 9789264049635
Subjects: Regional planning -- South Africa -- Cape Town.; Cape Town (South Africa) -- Economic conditions.; Cape Town (South Africa) -- Social conditions.; Cape Town (South Africa) -- Economic policy.
Other titles: Cape Town, South Africa
Description: The Cape Town city-region, which is the second-largest area in South Africa (4 million inhabitants), reflects the national challenge of creating new economic opportunities while correcting past inequities. Since the end of the apartheid system, Cape Town has benefited from macroeconomic stabilization and has outpaced the national average growth rate. It has both modernized its traditional strengths in port logistics and developed innovative sectors in tourism, agro-food processing, viticulture, financial and business services. However, 22% of the population is unemployed and 38% of residents live below the poverty line. This report identifies the key missing collective goods that could both create externalities for firms and foster a more equitable distribution. It provides a platform for the development of a forward-looking, cross-cutting regional development strategy and proposes new "second generation" governance reforms to consolidate previous achievements and respond to emerging obstacles.--Publisher's description.
Notes: Includes bibliographical references (p. 303-322).