Moving from Consumption Economy to Productive Economy

This article explains why it is necessary for South African and other emerging economies to focus on developing productive-type economies through the use of core primary growth sectors including agriculture, mining, manufacturing and service sector. The paper provides three examples of intervention plans (The new growth path, The national development plan and The industrial policy action plan) used by South Africa in its efforts to create and strengthen a productive economy and, further, provides examples of how development finance institutions in South Africa and other emerging markets can assist in creating sustainable productive economics.