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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:
Background: Neoliberalism emerged in the 1970s as a response to the perceived
inefficiencies of Keynesian economics, which advocated for more government
intervention in economic affairs. This ideology prioritizes minimal government
intervention, promoting the belief that free markets can best regulate themselves and
drive economic progress.
Core Beliefs: It advocates for less government regulation, privatization of public
services, and the belief that private enterprises, driven by profit motives, will lead to
innovation and economic growth.
Post-Apartheid South Africa: