The Imperative for Productive and Jobs-Rich Investment

Capitalist development since the Second World War ushered in unprecedented rates of capital accumulation and structural change in the world economy in the form of rapid industrialisation. Fast and sustained industrialisation has been associated with large increases in wage employment, labour productivity, and health and educational welfare. Countries that have been able to mobilise rapid... Continue Reading →

Dualism in South Africa’s Economy

A number of recent speeches by President Thabo Mbeki have highlighted the important reality of “dualism” in the South African political economy.  Among other things, the contributions by the President have pointed to the fact that our people inhabit distinct socio-economic worlds, and that there is no logic or dynamic in terms of which growth... Continue Reading →

Industry Adds Value

Below find Prof. Ben Turok's letter to Business Day on 17 June 2015. ALLOW me to comment on Songezo Zibi’s latest column (Unembargoed, June 15). He takes a rather pessimistic view on the prospects of industrialisation in SA through building a "bigger heavy industrial sector … to fuel infrastructure". The obstacles he cites are high... Continue Reading →

The Scope for Domestic Value Addition in a Mining Economy: The South African Case

ABSTRACT In this paper Professor Ben Turok (director) examines the constraints on beneficiation in South Africa. He calls for a negotiated compromise on domestic prices, perhaps for a fixed period, with suitable provisions for improved infrastructure services, and step-by-step measures to enhance local value addition and beneficiation by local manufacturers and suppliers *To download the full... Continue Reading →

Mineral Value Chain: Agenda for Action

IFAA writes an agenda for action inviting all interested parties, mining and manufacturing companies, government, international agencies, research organisations, universities and experts to cooperate with us in advancing knowledge about mineral value chains and how they might benefit the people of Africa. 22nd January 2015  The Institute For African Alternatives (IFAA) and its publication New Agenda,... Continue Reading →

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