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3.1.1 Briefly discuss the objectives of the National Development
3.1.2 Explain good governance and Investment of social capital as benchmarks for regional
development in South Africa,
3.1.3 Briefly explain critical infrastructure and skill support programmes incentives used by
the South African government to improve industrial develop
3.1.4 Briefly discuss the reasons for industrial development in South Africa
3.1.5 Briefly discuss the aims of Special Economic Zones.
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Answers
Answer:
1. The National Development Plan aims to eliminate poverty and reduce inequality by 2030. South Africa can realise these goals by drawing on the energies of its people, growing an inclusive economy, building capabilities, enhancing the capacity of the state, and promoting leadership and partnerships throughout society.
2.Social capital, economic growth and regional development, Regional Studies 39 , 1015-1040. This paper examines the relationships between social capital, economic performance and regional development, and it stresses the complexity and variability across space of such relationships. In contrast to the conventional macroeconomic approach of using indicators of social capital in formal growth models, what is required is a more nuanced analysis that evaluates the impact of social capital by region. To support this argument, the paper examines social capital data from the Social Capital Community Benchmark Survey 2000, which provides social capital data for more than 24 000 individuals living in 40 communities, grouped into nine regions, in the USA.
3.CIP supports the construction of infrastructure that enables the establishment or continuing operation of industrial projects. Its key objectives are to improve competitiveness by lowering costs and risks, leverage strategic investments and stimulate linkages.
4.A growth industry is that sector of an economy which experiences a higher-than-average growth rate as compared to other sectors. Growth industries are often new or pioneer industries that did not exist in the past. Their growth is a result of demand for new products or services offered by companies in the field.
5.The objective behind an SEZ is to enhance foreign investment, increase exports, create jobs and promote regional development.
Explanation: