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Africa|Efficiency|Industrial|Manufacturing|Africa|University Of Cape Town|Anthony Black
Africa|Efficiency|Industrial|Manufacturing|Africa|University Of Cape Town|
africa-company|efficiency|industrial|manufacturing|africa|university-of-cape-town|anthony-black
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Industrial policy and unemployment: Can South Africa do better in labour-demanding manufacturing?

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Industrial policy and unemployment: Can South Africa do better in labour-demanding manufacturing?

6th December 2012

By: Econ3x3

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In spite of policy statements prioritising labour-absorbing growth, de facto support has favoured heavy industry and been damaging for employment. Industrial policy should be less concerned with ‘beneficiation’ and technological upgrading and more concerned with promoting economy-wide efficiency. In the context of massive unemployment, this means tilting the playing field towards labour-absorbing growth to mobilise the huge potential of an under-employed and poorly-skilled workforce.

Written by Anthony Black, Professor, PRISM and School of Economics, University of Cape Town

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