South Africa Industrial Polices And Their Suitability In Terms of International Best Practice Economics Grade 12 Questions and Answers
SOUTH AFRICA’S INDUSTRIAL POLICIES AND THEIR SUITABILITY IN TERMS OF INTERNATIONAL BEST PRACTICE QUESTIONS AND ANSWERS GRADE 12
Activity 1
Study the logos in Figure 10.1 and answer the questions that follow:
- What government bodies do the acronyms in the logos stand for? (2)
- Define the concept industrial development. (2)
- Describe in your own words the important role of these institutions. (2)
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Answers to activity 1- DTI – Department of Trade and Industry
IDC – Industrial Development Corporation (2) - Refers to policies that are aimed at the encouragement of industrial investment and greater industrial efficiency. (2)
- They promote industrial development in underdeveloped regions. (2)
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Activity 2
Discuss any TWO international best practices in terms of regional development.[8]
| Answers to activity 2
- Total development as a multidimensional process This is from a global development perspective. It includes all dimensions of human living, including the interaction of social forces in a community, e.g. education, health, nutrition.
- Development from within This is endogenous or independent development. In the past development programmes were forced upon regions. Now regions strive for independence with development assistance from outside included in their strategies. Local physical resources, human resources and energy are utilised.[8]Â
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Activity 3
Explain the rationale of industrial development highlighting the past and present approaches. [8]
Answers to activity 3- Past: Manufacturing development is a method to advance economic development. It is financed by foreign loans, aid and generous financial and other incentives received by businesses.
- Present: Emphasis has shifted to industrial development – services and agricultural activities – focus on role for SMMEs – policies continue to exist – aim to export, employ and raise standard of living.  [8]Â
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Activity 4
Study Figure 10.2 and answer the questions that follow:
- Define the concept IDZ. (2)
- List any TWO IDZ ’s from the map. (2)
- Mention the industry involved in TWO of the above mentioned IDZ’s. (2)
- Discuss an incentive applied to businesses within the IDZ. (4)
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Answers to activity 4- Industrial Development Zones are purpose-built industrial estates that are physically enclosed and linked to an international port or airport.(2)
- Johannesburg,Richards Bay, East London and Coega (any 2) (2)
- Coega = motor industry3 and Richards Bay = metal industry (2)
- No duties are paid on imported goods.
Designed to encourage domestic and foreign businesses to open in an IDZ and produce goods and services for export. (4)
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