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Impact of FDI on Unemployment in Post-Apartheid South Africa by Siyaduma Biniza.pdf

Impact of FDI on Unemployment in Post-Apartheid South Africa by Siyaduma Biniza.pdf

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Published by Siya Biniza
This study seeks to understand the impact FDI has had, or potentially could have, towards creating employment and indirectly reducing inequality in South Africa. But due to the link between inequality-reduction and employment-creation this study focuses on the impact of FDI on employment. Also the study would like to offer an understanding of how South Africa can implement policies to attract FDI that is conducive to these economic imperatives.
This study seeks to understand the impact FDI has had, or potentially could have, towards creating employment and indirectly reducing inequality in South Africa. But due to the link between inequality-reduction and employment-creation this study focuses on the impact of FDI on employment. Also the study would like to offer an understanding of how South Africa can implement policies to attract FDI that is conducive to these economic imperatives.

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Published by: Siya Biniza on Oct 01, 2013
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11/29/2013

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2013
What is the Impact of Foreign DirectInvestment on Unemployment inPost-Apartheid South Africa?
Bridging the Chasm between Ideology, Scholarship andPolicy-Makingby Siyaduma Biniza
 
| Table of Contents1
Table of Contents
Table of Contents.............................................................................................................................. 1Introduction ...................................................................................................................................... 2Background ................................................................................................................................... 2Scope of the research .................................................................................................................... 4Understanding FDI ............................................................................................................................ 6What is meant by FDI? .................................................................................................................. 6What are the motives behind FDI? ................................................................................................ 7What is the theoretical impact of FDI? .......................................................................................... 8What determines the impact of FDI? ........................................................................................... 10Things to remember about the impact of FDI .............................................................................. 12Motives, Mode of FDI and Policies ................................................................................................... 13What are the motives behind inward FDI in post-Apartheid South Africa? ................................... 13What is the mode of entry for FDI in post-Apartheid South Africa? ..............................................15What kind of policy environment prevails in post-Apartheid South Africa? ..................................15What does the evidence show? ........................................................................................................ 17What are the important trends of FDI in post-Apartheid South Africa? ....................................... 181994-1999 ................................................................................................................................... 201999-2004 ................................................................................................................................... 22Summary of 1994-2004 ............................................................................................................... 232004-2009 ................................................................................................................................... 242009-Present .............................................................................................................................. 25Summary of 2004-Present .......................................................................................................... 29Conclusion and Policy Recommendations ....................................................................................... 30Bibliography ................................................................................................................................... 35
List of Figures
 
| Introduction2
Introduction
Background
The South African economy is challenged by high unemployment and inequality. Dealingwith these two challenges is an explicit focus of most economic planning by the post-Apartheid government; from the Growth, Employment and Redistribution (GEAR)macroeconomic package to the most recent National Development Plan (NDP). Moreover,
the government’s perspective is that
full employment cannot be attained unless SouthAfrica can deal with the current situation of declining manufacturing jobs and increasing jobs with low productivity and slow wage-growth in services such as retail, personalservices, security, domestic services and office-cleaning (National Planning Commission,2011). In sum, South Africa faces some persistent and structural economic changes whichhave locked the country in a vicious cycle of low employment growth and worseninginequality.Hence there have been various attempts to promote pro-poor and employment-creatingeconomic growth because sustainable economic growth and development are challengedby inequality and high unemployment in the country (Patel, 2011). Pro-poor economicgrowth here simply means economic growth that can benefit the poor through reductionsin poverty and inequality. This can be achieved by reducing unemployment and increasingwages (Mohamed, 2012). But this requires heavy investment. Therefore, variousgovernment ministries have embarked on policies to stimulate investment and createlabour-absorbing economic growth.

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