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PREDICTING a gold-price boom usually prompts one’s audience to don tin-foil hats and whisper about conspiracies. Yet author James Rickards believes bullion is poised to shoot up exponentially on the inevitable collapse of the US dollar. This would place the South African economy in position for a robust recovery. 2012 – International Year of Cooperatives. This success has helped prevent many families and communities from sliding into poverty. A steady state economy is an economy of relatively stable size.
It features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Economists sound warning over carbon tax. South Africa’s high dependency on fossil fuel-powered energy has earned it a place among the top 20 carbon emitting countries in the world.
In this year’s Budget Speech, Pravin Gordhan announced the implementation of a carbon tax for 2013-2014. A draft policy is being drawn up for public comment. Carbon tax “South Africa makes up 1. The shape of the future carbon tax still hangs in the balance. Social production as a new source of economic value creation.