Tag Archives: economic development

We are rebuilding an economic apartheid instead of dismantling it

In the mid-1980s South Africa’s prime overdraft rate went to 25%, inflation rocketed to 20.9% and the apartheid government abolished the financial rand exchange rate system in 1983 as international banks refused to renew credit lines for South Africa. The world was punishing South Africa for being a pariah, a scum state, violating the fundamental…

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Are Africa-China relations really a win-win situation?

By Zukiswa Mqolomba China’s Africa interface has received much public spotlight over the years. Public debate has been critical of whether China’s engagement translates into win-win benefits for Africa. South Africa’s left movement has gone as far as cautioning against “a new form of colonialism or imperialism”. As the world commemorates the 50th anniversary of…

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The battle for the heart and soul of the DA

Two out of three ain’t bad South Africans are continuously singing the same tune to the DA, to borrow from the artist Meatloaf “I want you, I need you, but there ain’t no way I’m ever gonna love you”. But unlike South Africans Meatloaf goes on to say, “but two out of three ain’t bad”….

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The changing landscape of financial inclusion

Today, there is broad recognition that access to capital is only one of the inputs required for economic development and poverty alleviation. Furthermore, the marginalised — like anyone — require and use a variety of financial services for a variety of purposes. And some of these services work better than others, for reasons we are…

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The role of China on the African continent

The exponential rate of Chinese investment in Africa over the past few years has been noted with both optimism and scepticism by mainstream media, political commentators and influential role players in the developed and developing world. Opinions triggered by this new development are deeply polarised. A positive view of increased and concentrated Chinese investment on…

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The importance of public spending

The existence of long-term growth effects from public spending is hardly contested in policy discussions. Growth literature that has emerged over the last 20 years supports the belief that public spending affects long-term growth. First, standard growth models explaining total output level as a function of factor inputs (capital and labour), as well as the…

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The importance of technology in economic and social development

Technological innovation and Information Communication Technologies (ICTs) represent a way for developing world nations to foster economic development, improve levels of education and training as well as address gender issues within society. Entrepreneurship is crucial for economic development around the world. In countries such as Nigeria, Egypt and Indonesia, micro-entrepreneurs generate 38% of the gross…

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Rethinking economic development

The challenges faced by nation states in the 21st century vary greatly in terms of economic development. Specifically within a development economics context, a paucity of useful and successful policy guidance is prevalent. As a result, more often than not, broad policy prescriptions have been formulated to attempt to address the economic problems of developing…

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State capacity key to economic growth

Historically, in the developing world, active macro-economic and industrial policy on the part of the state is more often than not greeted with pessimism and scepticism. This very prevalent competency and trust-deficit emanates from valid concerns that the state — specifically in the developing world — is often too inefficient and too corrupt (sometimes both)…

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Levels of peace and stability on the African continent

The concept of “peace” has traditionally been abstract in definition. Perhaps the most workable methodology of approaching the concept of peace is to define it in terms of harmony achieved by the absence of war or conflict. This definition applied to nation states would purport that those countries not involved in violent conflicts with neighbouring…

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