The aim of this essay is to examine whether the NDP’s vision for economy and employment can match the SDG (number eight) of economic growth (specifically, promoting inclusive and sustainable economic growth, employment and decent work for all). Furthermore, an analysis is made of the contribution that trade and industrialization can make towards the realization of this vision. In particular, what is examined is the power of the ‘synthetic triad’ of the NDP, the country’s trade policy and its industrial policy as formulated by the Department of Trade and Industry in realizing the vision of economic and employment growth in South Africa.
The paper begins with a description of the visions and their explicit targets, as well as the current empirical reality in South Africa and within the global North. Following this, an examination of the literature on inclusive and labour-absorbing economic growth for developing countries is conducted to provide a conceptual framework – with a focus on the roles of trade and industrialization. Thereafter, the revealed conceptual framework is applied to the case of South Africa, while giving a little attention to the broader case of developing countries apropos the SDG. The conclusion then provides a summarized consolidation of the argument.
The UN SDG number eight (decent work and economic growth) is matched with the NDP vision of employment and economic growth. Particularly, the role of trade and industrialization are assessed in enabling the realization of the goals in South Africa. It is shown that trade and industrialization form the basis for accelerated labour-absorbing economic growth characterized by high productivity and higher incomes. Underpinned by this, a ‘synthetic triad’ of South Africa’s TPSF, NIPF/IPAP, and NDP is key to achieve the NDP goal. ‘Synthetic’ because there is a synthesis between trade policy, industrial policy, and the broader development policy that reflects in the synthesis between the three policy frameworks aforementioned.
Inhaltsverzeichnis (Table of Contents)
- 1. Introduction
- 2. Analysis
- 2.1. Visions for development
- 2.2. Trade and industrialization: The inclusive economic growth
- 2.3. Trade and industrialization in South Africa
- 2.4. The Constraints
- 3. Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This essay examines the alignment of South Africa's National Development Plan (NDP) vision for economic growth and employment with the UN's Sustainable Development Goal (SDG) number eight. It analyzes the contribution of trade and industrialization to achieving this vision, focusing on the synergistic relationship between the NDP, the Trade Policy and Strategy Framework (TPSF), and the National Industrial Policy Framework (NIPF)/Industrial Policy Action Plan (IPAP). The essay aims to understand how this "synthetic triad" can drive economic and employment growth in South Africa.
- Alignment of South Africa's NDP with UN SDG 8
- Role of trade and industrialization in inclusive economic growth
- The "synthetic triad" of NDP, TPSF, and NIPF/IPAP
- Constraints to achieving economic and employment growth in South Africa
- Analysis of the South African model for economic growth in the context of sustainable development
Zusammenfassung der Kapitel (Chapter Summaries)
1. Introduction: This introductory chapter sets the stage for the essay by outlining its central objective: to evaluate the compatibility of South Africa's NDP vision for economic and employment growth with the UN SDG 8 (decent work and economic growth). It introduces the concept of a "synthetic triad"—the interplay between the NDP, the TPSF, and the NIPF/IPAP—as a crucial element in achieving the NDP's goals. The chapter previews the essay's structure, indicating an analysis of relevant literature on inclusive growth and a case study application to South Africa, comparing its approach with the broader context of developing nations and the UN SDGs.
2. Analysis: This chapter delves into a comprehensive analysis of South Africa's development strategies. It begins by examining the visions for development outlined in the NDP, highlighting the ambitious goal of poverty eradication through inclusive and rapid economic growth. The chapter contrasts these goals with the UN's SDG 8, demonstrating a significant degree of alignment. Subsequently, it explores the critical role of trade and industrialization in achieving these goals. The chapter scrutinizes the South African model of commodities-led export growth, critiquing its limitations in terms of decent job creation. It advocates for economic diversification and increased competitiveness, emphasizing the synergistic importance of the NDP, TPSF, and NIPF/IPAP. This "synthetic triad" is posited as the key to unlocking sustainable economic growth and job creation, moving away from the past reliance on natural resource booms which yielded limited impact on employment.
Schlüsselwörter (Keywords)
South Africa, National Development Plan (NDP), Sustainable Development Goals (SDGs), trade policy, industrial policy, inclusive economic growth, employment, poverty reduction, diversification, competitiveness, synthetic triad, Trade Policy and Strategy Framework (TPSF), National Industrial Policy Framework (NIPF), Industrial Policy Action Plan (IPAP).
Frequently Asked Questions: Analysis of South Africa's Development Strategies
What is the main focus of this essay?
This essay examines how well South Africa's National Development Plan (NDP) vision for economic growth and job creation aligns with the UN's Sustainable Development Goal (SDG) number 8. It specifically analyzes the role of trade and industrialization in achieving this vision, focusing on the interaction between the NDP, the Trade Policy and Strategy Framework (TPSF), and the National Industrial Policy Framework (NIPF)/Industrial Policy Action Plan (IPAP).
What is the "synthetic triad" referred to in the essay?
The "synthetic triad" refers to the synergistic relationship between the NDP, the TPSF, and the NIPF/IPAP. The essay argues that the effective coordination of these three policy frameworks is crucial for driving economic and employment growth in South Africa.
What are the key themes explored in the essay?
Key themes include the alignment of South Africa's NDP with UN SDG 8; the role of trade and industrialization in inclusive economic growth; the importance of the "synthetic triad"; constraints to achieving economic and employment growth in South Africa; and an analysis of the South African model for economic growth within the context of sustainable development.
What are the chapter summaries?
The introduction sets the stage, outlining the essay's objective and introducing the "synthetic triad" concept. The analysis chapter deeply examines South Africa's development strategies, focusing on the role of trade and industrialization, the South African model of export growth, and the need for diversification and competitiveness. The conclusion (not detailed in the provided summary) would likely summarize the findings and offer concluding remarks.
What are the key takeaways from the analysis chapter?
The analysis chapter highlights the ambitious goals of South Africa's NDP, its alignment with UN SDG 8, and the critical role of trade and industrialization. It critiques the limitations of the South African model of commodities-led export growth in creating jobs and advocates for economic diversification and increased competitiveness through the effective implementation of the "synthetic triad."
What are the keywords associated with this essay?
Keywords include South Africa, National Development Plan (NDP), Sustainable Development Goals (SDGs), trade policy, industrial policy, inclusive economic growth, employment, poverty reduction, diversification, competitiveness, synthetic triad, Trade Policy and Strategy Framework (TPSF), National Industrial Policy Framework (NIPF), and Industrial Policy Action Plan (IPAP).
What is the overall objective of the essay?
The essay aims to understand how the "synthetic triad" (NDP, TPSF, NIPF/IPAP) can effectively drive economic and employment growth in South Africa, aligning its development strategies with the UN's Sustainable Development Goals.
- Citar trabajo
- Abel Gaiya (Autor), 2016, Exploiting the Synthetic Triad of the South African TPSP, NIPP/IPAP and NDP, Múnich, GRIN Verlag, https://www.grin.com/document/376783
