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SOC2602 Assignment 6 (COMPLETE ANSWERS) Semester 2 2024 (522292) - DUE 24 September 2024
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 ; 100% TRUSTED Complete, trusted solutions
and explanations.
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
Neo-Liberalism and Its Impact on Post-Apartheid South Africa
Introduction
Neo-liberalism, emerging in the late 20th century, advocates for
free markets, deregulation, privatization, and a reduced role for
the state in economic affairs. This ideology has profoundly
influenced global capitalism and has been particularly impactful
in post-apartheid South Africa. Following the end of apartheid
in 1994, the South African government adopted neo-liberal
policies aimed at fostering economic growth and integration
into the global economy. However, these policies have
exacerbated existing inequalities and socio-economic
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