Essay
HRPUB83 ASSIGNMENT 4 2023 ESSAY COPY
- Course
- HRPUB83 (HRPUB83)
- Institution
- University Of South Africa (Unisa)
HRPUB83 ASSIGNMENT 4 2023 ESSAY COPY
[Show more]
Content preview
muzavazi47@gmail.com 0717513144ASSIGNMENT 4: FINAL PORTFOLIO
Essence of public sector investment towards development of township
economy: A case of Soweto 2010 - 2020
Students name:
Student number:
Module : HRPUB83
i
,muzavazi47@gmail.com 0717513144
Table of Contents
Chapter One: Introduction, Background, Research Problem and Rationale ..................... 1
Introduction ......................................................................................................................................... 1
Background ......................................................................................................................................... 1
Study rationale and motivation ...................................................................................................... 6
Problem statement............................................................................................................................. 7
Research objectives .......................................................................................................................... 8
Research questions ........................................................................................................................... 8
Research concepts ............................................................................................................................ 8
Research methodology .................................................................................................................. 11
Research approach ......................................................................................................................... 11
Data collection .................................................................................................................................. 12
Research design............................................................................................................................... 12
Conclusion ......................................................................................................................................... 12
Chapter two: Literature review ..................................................................................................... 14
Introduction ....................................................................................................................................... 14
The foundation and benefits of public sector investment .................................................... 14
The downside of public investment ............................................................................................ 20
The confluence of public and private investment ................................................................... 23
Empirical studies ................................................................................................................................... 26
Contextualising South African public sector investment ..................................................... 30
ii
,muzavazi47@gmail.com 0717513144
Conclusion ......................................................................................................................................... 31
Chapter three: Major findings ....................................................................................................... 32
The different types of public investments .................................................... 32
The effect of public investments on community development................... 38
Recommendations (strategies of promoting public investment)........................................ 39
References ......................................................................................................................................... 42
iii
, muzavazi47@gmail.com 0717513144
Chapter One: Introduction, Background, Research Problem and Rationale
Introduction
Many governments have, since the turn of the new millennium shifted from public
sector-based economy to private sector. Such economic transitions have been
happening globally in regions such as Asia, Eurasia (Union of Soviet Socialist
Republics - USSR), Eastern and Central Europe and the Latin America as well as
Africa (Dobronravin & Jeifets, 2019). This follows the advocacy of various international
organisations such as the International Bank of Reconstruction and Development
(IBRD) /World Bank (WB), International Monetary Fund (IMF) as well as Organization
for Economic Co-operation and Development (OECD). Such shift has been labelled
by many as economic liberalisation, which is essentially inclined towards market
system, where decisions made by the private players is considered more vital to
move the economy forward (Banaji, 2020). However, there is widespread belief that
free market economy has failed in many instances since its first feature in 1770s as
advocated by scholars such as Adam Smith. Many development economists and
public sector scholars still hold that public sector investment is a crucial vehicle for
developing small economies. In this regard, public sector investment refers to the
various capital expenditures undertaken by the government for profit/revenue
purpose, social welfarepurpose as well as economic enhancement. This research was
therefore done to examine importance of public sector investment towards
development of township economy with a focus on Soweto.
Background
Nature, arguments and importance of public investment
According to Vluggen, Kuijpers, Semeijn and Gelderman (2020) investment by state
in public assets, through central or local governments and publicly owned corporations
has arisen historically from the need to provide certain (public) goods, infrastructure,
or services that are vital for national interest. Chornovol, Tabenska, Tomniuk and
Prostebi (2020) reveal that public investment has increased due to industrialization
and corresponding demand for new infrastructure to facilitate urban growth. Banaji
(2020) divides public investment into tangible investment in infrastructure (such as
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R133,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60434 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now
