An overview of Industrial Policy and its Implications for HRD
Altman and Mayer analyse the impact of South Africa’s industrial policy on the demand for labour. They show that industrial development has historically been driven by minerals extraction and import substitution, overlain by apartheid policies that excluded the majority of the population from the economy. This entrenched a growth path characterised by capital-intensive production processes,…
read more >>South Africa’s Economic Development Trajectory: Implications for Skills Development Strategy
Mayer and Altman argue that skills development in South Africa must be aligned to the economic and political imperatives of reducing unemployment and poverty, while fostering growth and international competitiveness. The legacy of a resource-based economy, overlaid by apartheid policies, has resulted in widespread poverty, inequality and unemployment existing alongside globally competitive industries. It is…
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