Answer to Question #320901 in Economics of Enterprise for corrie

Question

Over the last two decades, there has been an emphasis, particularly in the English-speaking advanced countries, on reducing the role of government and on reforming public management by adopting aspects of private sector practice. The research programme on which this study is based was concerned with the fact that similar practices were being introduced in developing and transitional countries, often in association with economic adjustment. There has been considerable research on the difficult process of adjustment but little on the process and outcomes of public management reform for improved service delivery. 

question: Taking into consideration the theoretical knowledge you have gained on the broad views of the role of government, critically analyse the view South Africa’s government subscribes to in playing its role in the country. Justify your answer

Answer 1

The government of South Africa plays a critical role in public management by regulating the countries economy. One of the key areas the government plays is regulating bank loan rates that directly affect the cash flow and the rand value.