South Africa’s industrial development policies

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Presentation transcript:

CHAPTER 10 Economic growth and development: Industrial development policies

South Africa’s industrial development policies

Industrial development policies (IDPs): various government policies are aimed at expansion of particular industries. Aims… increase exports increase employment raise local standard of living Success of China, Taiwan and Korea.

Key sectors for development Exports: e.g. of motorcars from South Africa Tourism: currently 8% of GDP Agriculture: including biofuels Information and Communications Technology Cultural industries: e.g. music. Small business development

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