Globalisation, economic policy and the new dualism in the South African economy
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Globalisation, economic policy and the new dualism in the South African economy | |
| Creator | Maasdorp, Gavin | |
| Description | Economic dualism in South Africa has mutated from the original modem vs. traditional sector conception to one of poverty vs. non-poverty. Globalisation provides opportunities to reduce poverty, but government policies determine the outcome. The South African government's sound macroeconomic policies have not been matched on the micro side. The labour market has not been liberalised, employers are loath to increase staff numbers, and foreign investment in labour-intensive industries is not being attracted. The policy choice is one of lower real wages and more jobs or higher real wages and fewer jobs. The unemployed and those in absolute poverty would opt for the former, unionised labour for the latter. Policy reforms will be politically difficult, but without them the dual economy will persist. | |
| Publisher | AOSIS Publishing | |
| Date | 2001-09-30 | |
| Identifier | 10.4102/sajems.v4i3.2660 | |
| Source | South African Journal of Economic and Management Sciences; Vol 4, No 3 (2001); 505-523 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/2660/1466
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