Mapule V Nkadimeng > Tshepo Leroto South African economy wil grow due to the globazation. 10 hours ago Like · 6 Comments · Remove Tshepo Leroto only if the emerging parties they come into play! what i have noticed in most country use globalization for their own benefit. Like · Edit · 10 hours ago Jugzen Van Mokhzin Only richest countries use globalisation for their own benefits. Not all Like · Delete · 10 hours ago Tshepo Leroto i 100% agree with both of u! i just hope BRICS will help south africa and the parties involve to over rule the greedy countries like European countries and america. those only trade with countries who have lots of mineral resources like oil! Like · Edit · 10 hours ago Mapule V Nkadimeng It is win win situation in this case bcos thy invest on education,agric.America yes wil benefit and South Africans wil also benefit. South Africa wil provide more labour force n this wil help ppl to add value to the raw material we have through "beneficiation" in South Africa. Again ths wil boost manufacturing sector. Over 600 companies from the states provides 150 000 jobs in SA. We need them in order to grow as a country. Mixed economy wil lead us to green pasture like Mandela said. Edited · Unlike · 1 · Delete · 8 hours ago Tshepo Leroto Event Reference: TIPS Forum 2002: Global Integration; Sustainable Development And The Southern African Economy Year: 2002 Publication Author(s): Pretorius, A. This paper evaluates the impact of globalisation on income distribution in South Africa. There are broadly two ways in which it can affect income distribution and help to address poverty. On a macro level it can stimulate economic growth, create jobs and provide salary income to people previously not employed. In a more direct way it can impact on wages. If unskilled wages increase relative to skilled wages, it should lead to a more equal distribution. Evidence for the period 1993 - 2001 indicates that South Africa experienced highly volatile capital flows, in the form of portfolio flows, with disruptive effects on the exchange rate and interest rates. On a micro level, the opening up of trade led to considerable job losses, especially semi- and unskilled workers. These were brought about mainly by the increasing importance of technology. Job losses because of import penetration were not as significant as could have been expected. On the other hand, exports did help to create jobs, but not enough to offset the negative impact of the previous-mentioned two factors. No evidence could be found that salaries of unskilled workers increased relative to highly skilled workers. Globalisation can only lead to a more equal distribution of income in South Africa if it succeeds in creating jobs and this can only happen if the skills level of our workforce meets the conditions of the market. Like · Edit · 16 minutes ago Tshepo Leroto if ppl in south african strike for high increase in wages and salaries this negetively affect the economical growth where uneployement will increase in a high volume and investors might pull out based on ration against company profit and loss ratio. like what happened in 2010 n 2011 most inverstors pulled out becouse of ppl striking for high wage increase n threatening to boycott 2010 world cup. if all skilled workers can get a well structured wages this will help unemployment rate to dicrease in high volume and also recession maybe kept to minimum. e.g there is a huge gap between directors salaries, bonuses and incentives vs skilled managers and skilled general workers. u may find that directors cost to company can pay 500 skilled workers a year. Like · Edit · Just now
Posted on: Sun, 30 Jun 2013 05:24:52 +0000
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