100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
SOC2602 ASSIGNMENT 2 SEMESTER 2 2024 Neo-liberalism is a political and economic ideology which emerged in the 1970s and is considered as a cornerstone of modern capitalism. In post-apartheid South Africa, neoliberalism has had profound effects on the couR50,00
Add to cart
SOC2602 ASSIGNMENT 2 SEMESTER 2 2024 Neo-liberalism is a political and economic ideology which emerged in the 1970s and is considered as a cornerstone of modern capitalism. In post-apartheid South Africa, neoliberalism has had profound effects on the cou
SOC2602 ASSIGNMENT 2 SEMESTER 2 2024
Neo-liberalism is a political and economic ideology which emerged in the 1970s and is considered as a cornerstone of modern capitalism. In post-apartheid South Africa, neoliberalism has had profound effects on the country, most notably creating a divide betwe...
Thank 17890799L for the review, tell us if you need anything more about the assignment or the module or any other modules please get in touch through the provided details
Neo-liberalism is a political and economic ideology which emerged in the 1970s and
is considered as a cornerstone of modern capitalism. In post-apartheid South Africa,
neoliberalism has had profound effects on the country, most notably creating a divide
between the ‘haves’ and ‘have-nots’ and high rates of poverty, unemployment and
inequality (Study Guide, 2018).
Topic: Write an essay in which you discuss the main features of neo-liberalism and
the economic and political effects of neo-liberalism in post- apartheid South Africa. In
your discussion, touch on the issues of poverty, inequality and unemployment.
Please note: This assignment must be a well-structured essay in which you clearly
introduce the topic, include sub-headings that discuss the main terms and produce
some of your own insights, arguments or position based on the study material and
recommended reading list. The essay should include, cover page, declaration page,
table of contents, body in sub-headings, conclusion, and list of references. Prepare in
advance to ensure good marks for your year mark. Plagiarism (of any kind) is not
tolerated. Therefore, add a statement at the front of your essay in which you state and
sign the statement that this is your own unaided work that is not copied from any
source and that where other authors’ ideas and words are used in the essay that you
have fully referenced these and listed them at the end in the list of sources consulted.
Length: 6 to 12 pages of content without the cover page, declaration, table of contents
and reference list. 1.5 line spacing in Times New Roman or Arial Fonts and Size: 12
[-+ 3000 words], depending on your writing style. Consult: Study Guide (2018): Study
Unit 5 and several recommended sources cited in the Study Guide. (100 Marks).
BMZ ACADEMY 061 262 1185/068 053 8213Page 2 of 16
, BMZ ACADEMY
Table of Contents
Introduction ......................................................................................................................................... 4
Main Features of Neo-liberalism .................................................................................................... 4
Deregulation ...................................................................................................................................... 5
Economic Focus: Laissez-faire Capitalism, Competition, and Reducing State
Ownership ........................................................................................................................................ 5
Political and Economic Effects of Neo-liberalism in Post-Apartheid South Africa...................... 6
The Growth, Employment and Redistribution (GEAR) Strategy ............................................... 7
Shift Towards Free-Market Policies .............................................................................................. 7
Economic Growth and Foreign Investment .................................................................................. 8
Poverty: The Lack of State Intervention in Redistributive Policies ........................................... 9
Wealth Inequality: Growing Divide Between Socio-Economic Groups .................................... 9
High Unemployment: Effects of Deregulation and Privatization on Job Markets ................. 10
Criticisms of Neoliberalism in South Africa .................................................................................... 10
Failure to Address Apartheid-Era Socio-Economic Issues ...................................................... 10
Limitations of Free-Market Policies in a Developing Country .................................................. 11
Opposition from Social Movements and Political Groups ........................................................ 11
A reflection on neoliberalism ............................................................................................................ 11
Conclusion ........................................................................................................................................... 12
References .......................................................................................................................................... 13
IMPORTANT NOTES TO CONSIDER ........................................................................................... 15
BMZ ACADEMY 061 262 1185/068 053 8213Page 3 of 16
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 BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
