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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:
Originating in the 1970s, neoliberalism is an ideology that advocates for minimal
government intervention in the economy. It promotes the idea that free markets,
characterized by competition and minimal regulation, are the most efficient way to drive
economic growth and prosperity. It also emphasizes privatization of public services,
where private companies take over services that were previously managed by the
government.
Post-Apartheid South Africa:
After the fall of apartheid in 1994, South Africa transitioned to a democratic government
led by the African National Congress (ANC). The new government faced the enormous
task of dismantling apartheid's economic and social inequalities while also addressing