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Title: Globalisation Not Good For Sa
Essay Details
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English |
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| Date: |
May 7, 1998 |
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| Length: |
6 / 1672 |
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Essay text:
Over the past decade South Africa has experienced extensive disinvestment and capital outflow to overseas which meant lost output, trade, and employment here at home. Moreover, the volatility on investment flows has also had a relatively weak impact on the GDP... Showed first 250 characters
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At present investment represents only about 17 per cent of GDP in South Africa.
Robin Kibuka, an adviser in the Africa Department of the International Monetary Fund, said, "Globalization is a force for development, but clearly it is a force for development that will have to be managed because it does create instability... Showed next 250 characters
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