http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.17
R/$ = 11.58Change: 0.07
Au 1198.59 $/ozChange: 4.13
Pt 1200.50 $/ozChange: 3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Mar 16, 2011

Focus on labour intensive industry, World Bank economist urges

Back
Agriculture|Africa|Nokia|Africa|South Africa|Soweto Campus|University Of Johannesburg|Building|Manufacturing|Rubber|Justin Yifu Lin|Mobile Phones
Agriculture|Africa||Africa|||Building|Manufacturing|Rubber||
agriculture|africa-company|nokia|africa|south-africa|soweto-campus|university-of-johannesburg-facility|building|manufacturing|rubber|justin-yifu-lin|mobile-phones



South Africa must use its unemployed to its advantage and develop labour intensive industries, the World Bank's chief economist said on Wednesday.

"South Africa is a labour abundant country. You have so many new young people coming into the job market," Justin Yifu Lin said during a lecture at the University of Johannesburg's Soweto campus.

"This is your comparative advantage. If the labour force are competitive, you can accumulate capital faster and you can gradually move to more capital intensive industries."

Lin said building up labour intensive industries would have a number of economic spinoffs, such as narrowing the income gap between rich and poor.

"There will be more jobs for the poor and the wage rate will increase when the economy upgrades to more capital intensive industries."

Lin said a resource rich country such as South Africa should follow its comparative advantages in developing resource intensive industries, including extraction, forestry, and agriculture.

"Should South African develop labour intensive manufacturing industries? The answer is yes, because most labour forces are in agriculture or are unemployed and are poor.

"Labour intensive industries provide jobs, can be competitive and can pave the basis for continuous upgrading to higher value added industries."

Lin said South Africa could learn from the Finnish cellphone company, Nokia, which started out as a labour intensive logging company.

"Nokia diversified to rubber boots and later to the assembly of household electronics... and finally it became a world leader in mobile phones."

Edited by: Sapa
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Labour and Skills Development News
Responding to “critical diagnostic data” provided by the Annual National Assessment (ANA) tool, which was introduced in 2010 to evaluate the standard of education in South Africa, President Jacob Zuma has acknowledged low levels of academic performance in...
FAZEL MOOSA The benefit of any form of infrastructure is the value that it adds to the community around it
Financial services provider Investec says it has gained invaluable experience through its funding of a Mozambican power generation project, the Kuvaninga Energia project, which reached financial close in December 2013 and is scheduled for commercial operation in the...
VALVES Importing companies account for about 80% of the jobs in the valves industry
Local valve importer CMO Africa says the government regulation, which stipulates that 70% of valves used in State projects be manufactured in-country, will lead to the demise of the valves import industry. CMO Africa MD Mark Bowden told Engineering News at the Mining...
More
 
 
Latest News
China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks