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SOC2602 Assignment 6
(COMPLETE ANSWERS)
Semester 2 2024 (522292) -
DUE 24 September 2024
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SOC2602 Assignment 6 (COMPLETE ANSWERS)
Semester 2 2024 (522292) - DUE 24 September 2024
Course
Globalisation and Social Change in South Africa (SOC2602)
Institution
University Of South Africa (Unisa)
Book
Globalization and Social Change
SOC2602 Assignment 6 (COMPLETE ANSWERS) Semester 2 2024
(522292) - DUE 24 September 2024 ; 100% TRUSTED Complete, trusted
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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
Introduction
Neoliberalism:
A political and economic ideology that emphasizes reducing government intervention in
the economy, promoting free markets, and privatizing public services. The goal is to
enhance economic efficiency and growth by relying on private enterprises rather than
government control.
Post-Apartheid South Africa:
Refers to South Africa's period after the end of apartheid in 1994, a system of racial
segregation and discrimination. The new democratic government faced the challenge of
addressing economic and social inequalities left by apartheid.
Key Features of Neoliberalism