SOC2602 Assignment 6
(COMPLETE ANSWERS)
Semester 2 2024 (522292) -
DUE 24 September 2024
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tabbymwesh59@gmail.com
[Year]
, Exam (elaborations)
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
solutions and explanations.. Ensure your success with us..
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:
Background: Neoliberalism emerged as a reaction to perceived failures of Keynesian
economics and state interventionist policies of the mid-20th century. It was promoted by
leaders like Margaret Thatcher in the UK and Ronald Reagan in the US, and it
emphasizes reducing government involvement in the economy to stimulate private
enterprise and economic growth.
Core Beliefs: It champions free-market capitalism, asserting that markets are the best
mechanism for allocating resources efficiently. By limiting government control and
encouraging privatization, neoliberalism aims to create a more dynamic and competitive
economy.
Post-Apartheid South Africa:
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