Economic Growth And Development Of South Africa

The beneficial effects on the economy may take as much as two years to be fully felt. I Further, the UK should be careful not to rely on a weak currency in order to support its competitiveness. An Exchange rates tend to fluctuate in value over time and the strongest economies are usually those with high productivity and low production costs, or those which produce highly innovative products. The long term performance of the UK economy could be adversely affected if a weakening of the currency was allowed to distract from these more fundamental determinants of economic performance. An Overall, however, in the current context, a weakening of Sterling is likely to be seen as beneficial for the UK economy, helping to support it through a difficult time and aiding a rebalancing of the economy towards the export sector. Despite this, it should be remembered that in other contexts, for example when controlling inflation is a more pressing problem, a fall in the exchange rate could be damaging.

According to Farlam (2005) and Schönteich (2007, the South African government saw PPPs as a way to radically improve/enhance infrastructure and service delivery to its people and as a way to redress the inequalities that were evident. To this end, they appointed a task team to develop legislative, policy and a framework for PPPs (PPP Unit). As a result, a PPP Unit was established in National Treasury. Schönteich (2007) remarks that as a way of redressing inequalities and social imbalances, the PPP framework incorporates Broad Based Black Economic Empowerment (BBBEE) regulatory requirements to ensure that previously disadvantaged blacks participate in PPPs projects and this shows government’s sincerity and strong commitment to making PPPs work.

Sub-Saharan Africa has been a laggard with regards to economic growth rates when juxtaposed with many emerging developing countries. Analysts believe this could be due to high import volumes along with population boom dogged by disproportionate income growth. Structural deficiencies have hampered domestic production from propelling as swiftly as upsurges in demand. Many of the North African countries face agro-climatic limitations to increased production so imports are believed to play a pivotal role in satiating consumption

1) With reference to theories of growth and development, explain the contrasting growth experience of China and Sub Saharan Africa post 1980.

Brexit means that Britain is exiting or voted to leave EU. This can affect businesses in UK in a bad way because those businesses who are buying/importing from the countries who are part of EU will not experience the smooth process and cheap taxes/value of pounds . This is because UK will not experience the perks of being a member of EU anymore if they completely leave.

Although the British voted for leaving European Union, Brexit would adversely affect the British economy in the fields of trading and foreign direct investment.

The effect of Brexit will with no doubt cast problems to the already weakened Australian dollar and cause the government to realign its strategies over the short term unsettled conditions (Yahoo Finance, 2016; Farr, 2016).

Many of the contemporary issues in South Africa can easily be associated with the apartheid laws which devastated the country. The people of South Africa struggle day by day to reverse “the most cruel, yet well-crafted,” horrific tactic “of social engineering.” The concept behind apartheid emerged in 1948 when the nationalist party took over government, and the all-white government enforced “racial segregation under a system of legislation” . The central issues stem from 50 years of apartheid include poverty, income inequality, land ownership rates and many other long term affects that still plague the brunt of the South African population while the small white minority still enjoy much of the wealth, most of the land and opportunities

Community development around the world is being practised by various entities, addressing various socio-economic issues that are unique to different communities worldwide. According to Bhattacharyya (2004), community development initiatives are dominant in democratic countries. There are various initiatives that have led to significant shifts in the wellbeing of communities using different development tools to develop communities around the world. South African, which is a democratic country has one of the highest income gabs in the world. The country’s income difference is evident in many townships/rural areas around the country’s underdeveloped communities. The positive impact of community development may be seen in the fields of public health, micro-macro development, food and violence (Bhattacharyya, 2004).

The WHO hopes that the disease will subside in the remaining West African countries. There has been significant progress in Liberia and some progress in Guinea. The WHO is concerned, despite this progress, because they fear the international community will stop sending their support. Dr. Bruce Aylward, the WHO assistant director-general, told reporters that the virus can be stopped, but it will take more work and support in order to do so (Cumming-Bruce). This is one example of the WHO communicating to the media, but more outreach to the public is needed.

. If the United Kingdom leaves the British EU will push capital away from the region and toward a safe haven market including Japan and the United States Treasuries. This will raise relative currency values and interest rates which will further lower the market. A higher Japanese Yen and United States dollar are negative to both economies export sectors. This will be unhelpful in the case of Japan because it will reinvigorate decades of deflation in the economy. China will receive pressure from the higher U.S. dollar it will be caught in between its two largest export markets the United States and the European Union. The strong inflation services on tradable goods for the United States will negatively impact domestic demand trends on

I chose South Africa as the topic for this research paper. I have always wanted to visit South Africa but have never had the opportunity to travel there. My involvement in international development has given me an interest in this country, as it has many ties to the developing world and the history of developing countries through colonialism. South Africa is influenced by all levels of economic activity including the primary, secondary, tertiary, quaternary and quinary sectors which determine if South Africa’s commercial economy. These economic levels, along with the indicators of development, show whether or not South Africa is a developed nation and if so, how

Governments the world over have long been investing in infrastructure in the hope of boosting economic development of their country. To study the relationship between infrastructure and economic development, we compared two journals; Infrastructure and Local Economic Development by Rives, J & Heaney, M. (1995) and Infrastructure and Economic Growth: The Nigeria Experience 1980-2006 by Enimola, S (2010). We chose these journals as the journal by Rives, J looked at the approach on a community/state level whereas the journal by Enimola, S looked at it at a national level. Hence, we were able to look at the topic at a micro and macro level. We compared the objectives of both journals, along with the methodological

This by its very nature is energy intensive. Until January 2008, when for the first time load shedding was implemented as demand outweighed supply, consumers had seen energy as finite. Historically low fuel and electricity costs had dis-incentivized the need to conserve energy (Government Gazette, 2009).

Because there is upward pressure on the pound some investors may anticipate an appreciation. This may discourage British investors from attempting to capitalize on US higher interest rates. If the uncertainty about future exchange rates discourages British capital flows to US, there would be no reason to anticipate the pound to depreciate.