Contents -- Foreword -- Acknowledgments -- 1 The First Ten Years After Apartheid: An Overview of the South African Economy -- PART I REAL SECTOR PERFORMANCE -- 2 Economic Growth in Post-Apartheid South Africa: A Growth-Accounting Analysis -- 3 Unemployment and the Labor Market -- 4 What Drives Saving in South Africa? -- 5 Foreign Direct Investment in South Africa: Why Has It Been So Low? -- PART II FISCAL CHALLENGES -- 6 Role of Fiscal Policy in Stabilization and Poverty Alleviation -- 7 HIV/AIDS in South Africa -- PART III EXTERNAL OPENNESS STRENGTH -- 8 Liberalizing Trade and Capital Transactions: An Overview -- 9 South Africa's Real Exchange Rate Performance -- 10 The Rand Crises of 1998 and 2001: What Have We Learned? -- 11 The Case for Building International Reserves -- PART IV MONETARY DEVELOPMENTS -- 12 Bringing Inflation Under Control -- 13 Exploring Determinants of Long-Term Interest Rates.