Global economic erisis and long-term development: a view from the South African forestry dector

摘要

The world financial system meltdown and resulting economic crisis have caused a growth crisis in African economies. A great concern is that the growth crisis may degenerate into a development crisis as the recession deepens. Like other developing countries which are strongly integrated in the world economy and significantly dependent on its good health, South Africa has been affected by the sharp fall in demand for its export products and the drop in prices of key export commodities.