, .
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
The Impact of Neoliberalism in Post-Apartheid South Africa
Neoliberalism, a political and economic ideology that gained
prominence in the 1970s, emphasizes free markets, deregulation,
privatization, and minimal government intervention in the
economy. As a cornerstone of modern capitalism, neoliberalism
has significantly influenced global economic policies, including
those in post-apartheid South Africa. The adoption of neoliberal
policies in South Africa has resulted in profound economic and
political effects, contributing to persistent poverty, inequality,
and unemployment.
Main Features of Neoliberalism
1. Market Liberalization: Neoliberalism advocates for the
reduction of trade barriers and the promotion of free