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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Capital Intensity in South African Manufacturing and Unemployment, 1972-1990
Author:Kaplinsky, Raphael
Year:1995
Periodical:World Development
Volume:23
Issue:2
Period:February
Pages:179-192
Language:English
Geographic term:South Africa
Subjects:employment
industry
business financing
History and Exploration
Development and Technology
Economics and Trade
Labor and Employment
External link:https://doi.org/10.1016/0305-750X(94)00122-F
Abstract:This paper explores the changing structure of investment and employment in South Africa's manufacturing sector during the period 1972-1990. It considers the hypotheses that poor employment performance and high levels of capital intensity have arisen as a consequence of the overexpansion of capital-intensive sectors and distorted factor prices. In the main, these hypotheses are rejected. Instead the paper argues that poor employment performance arises largely from political factors which have dulled the private sector's investment in labour-intensive sectors, have stifled the development of the informal sector, have held back productivity growth in manufacturing, and have reduced the inflow of foreign direct investment. Although the paper is not primarily focused on the emerging policy agenda in the postapartheid era, the data contained in the analysis would not appear to support the beliefs either that wages should be reduced or that the State should refrain from actively affecting allocative decisions. Bibliogr., notes, ref., sum.
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