Preview
Preview

Stimulating Economic Growth in South Africa Essay

:: 13 Works Cited
Length: 3361 words (9.6 double-spaced pages)
Rating: Blue      
Open Document
Need writing help? Check your paper »



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Contents
Question 1
Introduction 3
Current Economic Climate 3
Trends in South African growth 5
How to encourage growth 6
Encouraging the Demand for Exports 6
Creation of Youth Unemployment Reduction Policies 8
Further Recommendations 10
Conclusion 11
References: 13
















Introduction
South Africa is facing the issue of slowing economic growth and the need to counter this by creating higher sustainable economic growth and in addition, the burden and constraint of increasing government debt. South Africa as a member of a global economy is also facing the problem of a global environment that is not conducive for growth, especially in emerging markets, as the demand for exports has weakened. This essay will discuss and weigh up the various policies that can be implemented whilst identifying the trends that have led to this economic climate in South Africa.
Current Economic Climate
During the late 2000’s, specifically in 2008, a financial crisis and global recession occurred. This was a result of a liquidity crisis in 2007. This 2008 financial crisis resulted in slowed economic growth in many of the world’s economies, including South Africa. One of the consequences of this financial crisis and global recession was that international trade declined and these also lead to increased unemployment and reduced commodity prices, mostly in emerging economies (CNNMoney.com, 2008). The decrease in international trade resulted (and continues to result in) a decrease in international demand for exports, including those of South Africa.
The current Economic climate from a South African perspective is that growth has recovered since the recession although it has not recovered to the levels achieved previ...


... middle of paper ...


.... Retrieved 28 April 2014, from http://www.tradingeconomics.com/south-africa/unemployment-youth-total-percent-of-total-labor-force-ages-15-24-wb-data.html
• ARORA, V., & RICCI, L. A. (n.d.). Unemployment and the Labor Market, Trends in Employment and Unemployment Since 1994 , Retrieved from https://www.imf.org/external/pubs/nft/2006/soafrica/eng/pasoafr/sach3.pdf
• IDC. (n.d.). About the IDC. Retrieved 29 April 2014, from http://www.idc.co.za/about-idc/overview
• Ortiz, A. (May 2014). Attracting and Retaining International Students in Canada. Retrieved 05 May 2014, from http://wenr.wes.org/2014/05/attracting-and-retaining-international-students-in-canada/
• Hausmann, R. (May 2008). Final Recommendations of the International Panel on ASGISA. CID Working Paper No. 161 , Retrieved from www.hks.harvard.edu/var/ezp_site/storage/fckeditor/file/.../161.pdf






Click the button above to view the complete essay, speech, term paper, or research paper

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »







This essay is 100% guaranteed.


Title Length Color Rating  
Ecotourism in South Africa Essay - South African ecologists currently face many challenges relating to the conservation of biodiversity and the growing economy. Excessive hunting and land development, as well as unemployment, all remain growing concerns for this struggling country. Jan-Hendrik, a South African who made contact with us, stated, “South Africa has lots of social and economic problems because most people are poor. To get them to middle class requires the economy to grow through mines and the expansion of living areas” (Hendrik)....   [tags: Ecology, Biodiversity, Economy, South Africa]
:: 8 Works Cited
1333 words
(3.8 pages)
Strong Essays [preview]
Essay on South Africa's Labour Legislation Framework - South Africa's labour legislation framework promulgated during the past 2 decades & is regarded as some of the most comprehensive in the world. Currently, it has done much to redress the imbalances of the past. With 4 significant Acts promulgated to manage & regulate labor relations in our country, there are still areas lagging behind that have a profound influence on the country's economic performance. After our 1st democratic elections of 1994, there was a clear need for radical change in South Africa's socioeconomic & political order....   [tags: south africa, mbaki, aids, hiv]
:: 4 Works Cited
1353 words
(3.9 pages)
Strong Essays [preview]
Essay on The Legacy of Apartheid in South Africa - The strength of a nation is not established by the force of its military, economic standing, or government, but rather how its citizens are regarded. In order to attain strength, a nation must respect the principle of solidarity; the power of one voice. For without a defined sense of unity, a society is likely to crumble. Unfortunately, as seen throughout history, civilization has often made it their mission to seek out the differences in one another instead of accepting them. This fear of the unknown has led to humankind’s most despicable behavior; the separation of individuals due to their physical attributes....   [tags: South Africa Apartheid Essays]
:: 8 Works Cited
1631 words
(4.7 pages)
Powerful Essays [preview]
Essay on South African and the International Politics in sub-Saharan Africa - In sub-Sahara Africa, previous U.S. Presidential administrations of 1996 and the 2000 era realized the importance of investing. Together Clinton and Bush provided millions and billions of dollars towards operations in aid, construction, conflict resolution, and political intervention (Braithwaite, 2014). Critics of the current administration say that the current President has not done enough investing in the African regions because Obama has made contact with a minimal three countries. Current policies are weak because only privatized small individual holders have access to open markets, while superpowers like China currently are trading 2 billion in capital....   [tags: sub sahara africa, south africa, africans]
:: 20 Works Cited
917 words
(2.6 pages)
Better Essays [preview]
The Apartheid in South Africa Essay - The Apartheid started in 1948 when Dr. Malan’s National Party beat the United Party who wanted integration. After the National Party won they had been given the Sauer report, which said that they had to choose between integration or an Apartheid. They chose the Apartheid which meant racial segregation of all of the races. They were split into 3 groups black, coloured and white and they were forced to move to an area specifically designated to their colour. There was petty Apartheid introduced so that black people couldn’t use the same building as white people....   [tags: South Africa Apartheid Essays] 1270 words
(3.6 pages)
Strong Essays [preview]
Essay on Apartheid in South Africa - The word apartheid comes in two forms, one being the system of racial segregation in South Africa, and the other form is the form that only those who were affected by apartheid can relate to, the deeper, truer, more horrifying, saddening and realistic form. The apartheid era truly began when white South Africans went to the polls to vote. Although the United Party and National Party were extremely close, the National party won. Since they won, they gained more seats and slowly began to eliminate the black’s involvement with the political system....   [tags: South Africa Apartheid Essays]
:: 7 Works Cited
1253 words
(3.6 pages)
Strong Essays [preview]
South Africa Needs Apartheid Essay - Thesis Statement: Apartheid may have been a horrible era in South African history, but only so because the whites were forced to take action against the outrageous and threatening deeds of the blacks in order to sustain their power. United Nations members, and fellow concerned citizens, the world must discuss with the consequences of the initiation of apartheid. Apartheid, the separation of races completely, has become a horrible era in South African history, and has killed many innocent victims....   [tags: South Africa Apartheid Essays]
:: 5 Works Cited
1539 words
(4.4 pages)
Powerful Essays [preview]
Adolescence in South Africa Essay - In this essay the concepts of sensitive periods and critical periods are going to be discussed, and critically evaluated in regards to identity development amongst South Africans. In doing so one should also take into consideration South Africa’s historical context. The period of Adolescence is when individual undergoes a set of physical and psychological changes, known as the teenage years, and begins the progression to adulthood. In other words the individual achieves psychological maturity and social maturity (Mwale, 2010)....   [tags: South Africa, Culture, Adolscence]
:: 6 Works Cited
1460 words
(4.2 pages)
Strong Essays [preview]
Apartheid in South Africa Essay examples - Origins of Apartheid In the seventeenth century, South Africa was colonized by Dutch and British imperialists. In response to British domination, Dutch settlers made two colonies: The Republic of the Orange Free State and Transvaal. Dutch descendants became known as “Afrikaners” or “Boers.” In the early 1900s, Boers discovered diamonds on their land. This led to a Britain invasion and sparked the Second Boer War, which lasted three years. This was the first modern war to see concentration camps; they were used successfully to break the will of Afrikaner guerilla forces by detaining their families....   [tags: South Africa Apartheid Essays] 2564 words
(7.3 pages)
Powerful Essays [preview]
Essay on South Africa - South Africa The Republic of South Africa is located on the southern tip of the continent of Africa. It is slightly less than twice the size of Texas, about 1,223,201 square kilometers. Namibia, Botswana, Zimbabwe, Mozambique and Swaziland run from west to east along South Africa’s northern border. The country of Lesotho lies entirely within the borders of South Africa and is completely landlocked. The South Atlantic Ocean and the Indian Ocean surround the southern coast. South Africa is divided into nine provinces: the Northern Province, Kwazulu/Natal, Mpumalanga, Gauteng, the North West Province, the Western Cape, the Northern Cape and the Eastern Cape....   [tags: South Africa Governmental Cultural Essays]
:: 10 Works Cited
3519 words
(10.1 pages)
Powerful Essays [preview]