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Overview of industrial policy

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dc.date.accessioned 2004-03-01 en
dc.date.accessioned 2020-01-16T12:16:32Z
dc.date.available 2020-01-16T12:16:32Z
dc.date.issued 2015-08-25 en
dc.identifier.uri http://hdl.handle.net/20.500.11910/8147
dc.description.abstract This chapter analyses the impact of industrial policy on the demand for labour. Its shows that South Africa?s industrial development has historically been driven by minerals extraction and import-substitution industrialisation, overlaid by apartheid policies aimed at excluding the majority of the population from the economy. This entrenched a growth path characterised by capital-intensive production processes, a paucity of skilled labour, and exceptionally high levels of unemployment. The post 1994 period has seen a radical shift from the protectionist policies of the past. Trade liberalisation and supply-side policies have succeeded in improving the international competitiveness of manufactured exports. However, high levels of unemployment persist among unskilled and semi-skilled workers, as do high levels of inequality. The chapter concludes that human resource development (HRD) policies should adopt a two-pronged approach: a short- to medium-term emphasis on developing unskilled labour for jobless in the non-tradable sector and a long-term objective of enlarging the pool of skilled labour in line with the pattern of demand emerging in the manufacturing sector. en
dc.format.medium Print en
dc.publisher HSRC Press en
dc.subject LABOUR MARKET en
dc.subject LABOUR SUPPLY en
dc.title Overview of industrial policy en
dc.type Chapter in Monograph en
dc.description.version Y en
dc.BudgetYear 2003/04 en
dc.ResearchGroup Employment and Economic Policy Research en
dc.SourceTitle Human resources development review 2003: education, employment and skills in South Africa en
dc.SourceTitle.CorporateAuthor Human Sciences Research Council en
dc.PlaceOfPublication Cape Town en
dc.ArchiveNumber 2476 en
dc.PageNumber 64-85 en
dc.outputnumber 950 en
dc.bibliographictitle Altman, M. & Mayer, M. (2003) Overview of industrial policy. In: Human Sciences Research Council <i>Human resources development review 2003: education, employment and skills in South Africa</i>. Cape Town: HSRC Press. 64-85. en
dc.publicationyear 2003 en
dc.contributor.author1 Altman, M. en
dc.contributor.author2 Mayer, M. en

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