Post-independence South Sudan has many areas in which progress is required in order to develop the economy. South Sudan’s economy, for is still run largely (98%) on oil revenues. In order to improve the standards of living of the citizens, good governance, transparency and accountability are the key. These will help build confidence, stability as well as the credibility of the government. How to achieve diversification of the economy in order to move away from the overdependence on oil will be the focus of this research. Diversification, especially in the context of small and fragile economies, has become an important topic. This research will investigate possible economic strategies to diversify the crude-based economy in South Sudan and will assess the circumstances under which economic diversification can be achieved. The research will identify and analyse the issues that impede and hinder economic growth in the non-oil sectors of the South Sudanese economy and explore how far the government has delivered the conditions necessary for the private sector to grow so that it can contribute considerably to the diversification and growth of the economy and the nation. This research was started in 2012, one year after South Sudan got its independence from Sudan. The country’s first Development Plan was rolled out in 2011. Unfortunately, a war broke out in December 2013, disrupting life in the new country, especially economic activities. A peace treaty has since been signed to end the war. The government, however, still continues forward with just one source of revenue – oil. Nonetheless, the findings of this research will offer an analysis as well as recommendations for ways to diversify the South Sudanese economy once peace is firmly established in the country.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nmmu/vital:26238 |
| Date | January 2016 |
| Creators | Kambamba, Abe Khamis |
| Publisher | Nelson Mandela Metropolitan University, Faculty of Business and Economic Sciences |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis, Masters, MA |
| Format | 45 leaves, pdf |
| Rights | Nelson Mandela Metropolitan University |
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