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Economics G12 > Regional Development Policies In South Africa > Flashcards

Regional Development Policies In South Africa Flashcards

1
Q

What is industrial development in South Africa

A

The planning and building of new industries in certain areas, as well as expanding existing industries in certain areas

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2
Q

What are 9 reasons for industrial development

A

Exploit the world economy
Maintain macroeconomic stability
Achieve high rates of savings and investment
Establish large scale manufacturing, agricultural, mining and service production
Diversification of the economy
Develop domestic manufacturing capacity
Create jobs
Develop and maintain appropriate incentives to attract investors
Contribute to the industrial development of the African continent

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3
Q

What is an industrial development policy

A

Government policies that relate to manufacturing policies

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4
Q

What is industrial policy

A

Law and regulation to enhance manufacturing operations

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5
Q

What are the two industrial development policies

A

National Industrial policy framework - NIPF
Industrial Policy Action Plans - IPAP

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6
Q

What is the National Industrial Policy Framework

A

A policy setting out the government’s broad strategic approach to industrialization

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7
Q

What are the 5 objectives of the National Industrial Policy Framework

A

Make the economy more diverse
Make industrialisation more intensive in the long run
Promote the development of labour-intensive industries
Greater participation by disadvantaged groups and development of marginalised areas
Increase potential for large scale production

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8
Q

What is the industrial policy action plan

A

The industrial development policy that aims at promoting long-term industrialisation

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9
Q

How is IPAP financed

A

Funded by private investment

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10
Q

What are the targeted industries of IPAP

A

Advanced manufacturing
Tourism
Software industries
Airspace and defence

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11
Q

What are the two industrial development strategies

A

Integrated Manufacturing Strategy - IMS
National Research and Development Strategy - NRDS

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12
Q

What is Integrated Manufacturing Strategy

A

A strategy to strengthen institutional capacity to deliver services that will facilitate development

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13
Q

What does the Integrated Manufacturing Strategy focus on (5)

A

Developing the global competitiveness of the SA manufacturing enterprises
A strategy that applies to all processes that transforms natural products into manufactured product
Involves cross cutting issues such as technology, HR development, access to finance and infrastructure
Concentrates on key input sectors like transport, telecommunications and energy
Prioritises certain growth sectors like tourism, agriculture, IT and cultural industries

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14
Q

What are the growth sectors which are identified and prioritised (5)

A

Exports
Tourism
Agriculture
IT and communication
Cultural

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15
Q

What is regional industrial development

A

Policies which are aimed at increasing the economic livelihood of specific areas or regions

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16
Q

What are the 2 reasons for regional development

A

Attempts to reduce the centralisation of industries
To increase economic livelihoods of certain areas

17
Q

What are the 4 aims of regional development

A

Limit the effects of economic centralisation
Promote the advantage of more regional development
Stimulate development in poor rural areas to prevent new imbalances
Implement and coordinate the implementation of national and regional policies

18
Q

What are the 6 South African initiatives in regional development

A

Spatial development initiative - SDI
Industrial Development zone - IDZ
Special Economic Zones - SEZ
Corridors
Strategic Integrated Projects - SIPs
Infrastructure Plan

19
Q

What is a Spatial Development Zone

A

Regional development initiative in South Africa to attract infrastructure and business investment to neglected and under developed areas

20
Q

What are the 2 aims of SDIs

A

Stimulate growth
Create employment

21
Q

Read through page 86 - 87

A
22
Q

What are corridors

A

A track of land that forms a passageway allowing access from one area to another and is developed as part of regional development

23
Q

What are industrial development zones

A

Purpose-built industrial estates that are physically enclosed and linked to an international port or airport

24
Q

Look at page 88

A
25
Q

What are Special Economic Zones - SEZs

A

Geographically demarcated area where specific economic activities have been identified to be developed

26
Q

What are the 3 aims of SEZs

A

Promote rapid development by acting as a magnet for investment in key growth areas
Enable the development of new industrial regions through the establishment of new industrial hubs
Promote exports, enterprise development and rural development

27
Q

What are the 8 incentives to encourage industrial development

A

Small business support program / Small and Medium enterprise development program (SMEDP)
Seda Technology Program (STP)
Skills Support Program (SSP)
Critical Infrastructure Program (CIP)
Custom free incentives
Foreign investment grant (FIG)
Strategic Investment Program (SIP)
Services to business Processes (BPS)

28
Q

Read through page 90

A
29
Q

Read through success factors page 91

A
30
Q

What are the 2 external limitations of the industrial policies

A

Global Recession
Unstable exchange rate

31
Q

What are the 7 internal limitations of the industrial policies

A

Huge increase in electricity and logistic costs
Skill shortages
Infrastructure
Restructure scale
Neglect of larger firms
Uncompetitive behaviour of firms
Poor industrial financing

32
Q

What are the 8 areas of appropriateness for South Africa’s regional development policies in terms of benchmark criteria

A

Free Market Orientation
Competitiveness
Sustainability
Good governence
Provision of resources
Investment in human capital
Integration
Partnerships

33
Q

Read through rest of Page 93

A

Economics G12 (14 decks)

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