Taiwan Model of Economic Development: A Possible Lesson for South Africa

Mr Wiseman Msomi (2019) Taiwan Model of Economic Development: A Possible Lesson for South Africa. Külkereskedelmi Kar.

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Absztrakt (kivonat)

Despite the endeavours that have been made for the past few years, poor socio-economic conditions continue to prevail in South Africa. Even though much of the progress has occurred since the country had ushered into the new democratic era. However, the country economy recently reflects high levels of unemployment, poverty, and inequality. These challenges are considerably affecting the disadvantaged masses of the population. Hence, the state has expressed its intention to attain economic development and transform the lives of ordinary citizens for better. In attempts of the state to achieve an inclusive economy, limited economic growth has served as the hindering factor. The South Africa economy can be separated into two categories of minority and majority economy. The country economy consists of a few individuals who controlled the biggest share of the economy and the rest population that stuck into the vicious cycle of poverty. It is prominent to find out how the two economies can be harmonized. Some East-Asian countries have proven that economic miracles do happen. A country can integrate its poor citizen into the active economy and elevate them out of poverty. The purpose of this research is to assess the Taiwan model of Economic Development, to ascertain if it can be implemented or not within the context of South Africa. This will be made possible through providing details on socio-economic development of South Africa and subsequently conducting the comparative analysis between the two political entities. This research places an emphasis on the economic policies used by Taiwan in the early years of its development and assesses its relevance to South Africa. It also covers the colonial heritage of Taiwan from Japan and South African apartheid legacy. Due to time constraints and complexity of economic development matter, the focus will be only on the education, saving and investment behaviour, import substitution, and export expansion strategy. Afterwards, we can draw our attention into the possible lessons from Taiwan model of economic development, and that might benefit South Africans.

Angol cím

Taiwan Model of Economic Development: A Possible Lesson for South Africa

Intézmény

Budapesti Gazdasági Főiskola

Kar

Külkereskedelmi Kar

Tanszék

International Economy & Business

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Full time training

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	South Africa, Taiwan, Developmental State, Economic Development, Economic Growth, East-Asia
Felhasználói azonosító szám (ID):	Mr Msomi Wiseman
Rekord készítés dátuma:	2019. Máj. 23. 14:05
Utolsó módosítás:	2019. Máj. 23. 14:05

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