22.6k views
3 votes
How successful was the New Economic Growth Path in influencing economic growth and development in South Africa? Give 4 answers.

a) Highly successful; significant GDP growth and reduced unemployment
b) Moderately successful; steady economic progress but challenges remain
c) Minimally successful; limited impact on key economic indicators
d) Successful in specific sectors; notable advancements in technology and education

1 Answer

4 votes

Final answer:

The New Economic Growth Path in South Africa has achieved moderate success with limited impact on key economic indicators, but progress in technology and education within specific sectors.

Step-by-step explanation:

The success of the New Economic Growth Path in influencing economic growth and development in South Africa can be considered to be moderately successful. While it aimed to address economic disparities and create jobs, the impact on key economic indicators has been limited. This is due in part to the global economic climate and to structural challenges within the South African economy, such as high unemployment and the legacy of apartheid. Specific sectors have seen advancements, particularly in technology and education, which are critical for long-term development. However, much like other middle-income countries, South Africa has struggled with the legacy of government economic controls and the slow process of market liberalization.

User MonkeyDreamzzz
by
8.8k points