Approaches Used in South Africa and the North/South Divide (Grade 12 NSC Matric Economics): Flashcards
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Year democracy began in South Africa
Year democracy began in South Africa
1994
Two main SA economic policy approaches post-1994
Two main SA economic policy approaches post-1994
Growth-focused & development-focused policies
Tools growth policies use to achieve objectives
Tools growth policies use to achieve objectives
Macroeconomic tools
Key focus areas of development policies
Key focus areas of development policies
Industrial dev., human dev., social welfare, poverty relief
RDP year & what it stood for
RDP year & what it stood for
1994; Reconstruction & Development Programme
GEAR year & key inflation achievement
GEAR year & key inflation achievement
1996; dropped inflation to within target ranges
ASGISA growth target for 2010-2014
ASGISA growth target for 2010-2014
6% average economic growth
NGP job creation target by 2020
NGP job creation target by 2020
5 million jobs
North/South divide definition
North/South divide definition
Gap between developed (North) & developing (South) countries
Life expectancy: North vs South
Life expectancy: North vs South
North: 75 years; South: 48 years