Employment Promotion in a Minerals Economy
The SA economy can be characterized as a minerals economy, with a small market and low skill levels. Hence, most foreign investment is attracted to resource extraction, basic beneficiation or government-generated opportunities. There are many indications that SA suffers from the ‘resource curse’. The dominance of basic minerals and metals in SA’s export profile contributes…
read more >>Dynamic and Follower Sectors
Altman and Ngandu consider the role of different kinds of sectors’ contribution to growth and employment. Historically, goods production and exports have been a central focus of employment strategies. However, a growing majority of employment created globally is found in services, which are often considered to be non-traded sectors. This raises concerns for policy that…
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