http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.15Change: -0.03
R/$ = 12.14Change: 0.15
Au 1186.41 $/ozChange: 0.61
Pt 1121.00 $/ozChange: -19.50
 
 
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 Letters 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|Building|Africa|Manufacturing|Rubber
Agriculture|Africa|Building|Africa|Manufacturing|Rubber
agriculture|africa-company|building|africa|manufacturing|rubber



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 Economy News
Despite the “overwhelming” positivity surrounding the majority of the changes contained within the Private Security Industry Regulatory Authority (PSIRA) Amendment Bill, one clause has “unintended consequences” capable of damaging South Africa as an attractive...
International Monetary Fund (IMF) board directors, who recently concluded an Article IV consultation with Nigeria, have agreed that mobilising additional nonoil revenues is critical to open up fiscal space and improve public service delivery over the medium term....
Banking group Nedbank Capital’s commodity finance division has announced the appointment of Anne-Marie Woolley as the new energy and metals unit head, which forms part of its global commodity finance division. London-based Woolley, who was formerly Standard Bank’s...
More
 
 
Latest News
Updated 7 hours ago State-owned freight transport group Transnet has announced that Richard Vallihu has been appointed CEO of Transnet National Ports Authority (TNPA) from April 1, following the retirement of Tau Morwe.   Vallihu, who has hitherto headed Transnet Engineering (TE), would...
Eskom chairperson Zola Tsotsi
Updated 7 hours ago The chairperson of South African power firm Eskom said he faced a vote of confidence by the utility's board late on Monday, after being accused of acting improperly by suspending the chief executive. State-owned Eskom has implemented regular power cuts this year to...
Despite the “overwhelming” positivity surrounding the majority of the changes contained within the Private Security Industry Regulatory Authority (PSIRA) Amendment Bill, one clause has “unintended consequences” capable of damaging South Africa as an attractive...
More
 
 
Recent Research Reports
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
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...
 
 
 
 
 
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
RESOURCEFUL The raw material for the pilot plant would be supplied from the dissolving wood pulp plants at Sappi’s Saiccor and Ngodwana mills, in South Africa, and the Cloquet mill, in the US
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96