Without passing judgement on the validity of any of these specific claims this list of possible reasons provides policy makers with a list of structural impediments to faster and more inclusive growth.
A recently published paper by David Faulkner and Konstantin Makrelov from the National Treasury and Christopher Loewald from the SA Reserve Bank entitled “Achieving higher growth and employment: policy options for South Africa” argues that the “core requirements for rapid and sustained growth are greater savings, investment, more productive use of capital by better skilled workers, reduction in the skill constraint and moderation in unit labour  4  BIS central bankers’ speeches  costs”.