Economics Grade 12 Essays pdf download

Economics Grade 12 Essays pdf download:



-Regional development is the establishment of new industries in areas that are underdeveloped in order to create employment and improve the standard of living.


1. Good governance.
-Regional development strategies should be managed effectively and free of corruption. -Democratic decision making, transparency, financial management and control should be a culture of the organisations. -Projects should be correctly programmed, monitored and evaluated.

2. Integration.
-An integrated approach, ensuring that the benefits of one region spill over to other industries and areas.
-This can be in the form of infrastructure or social services.

3. Partnerships
-Partnerships should be built between central government, local authorities and civil society.
-These partnerships encourages commitment which leads to good results.

4. Provision of resources
-Sufficient resources should be provided in resource-poor areas.
-When infrastructure and human resources are available in the rural areas the business will be attracted to invest there which will lead to economic growth.

5. Competitiveness.

-Industries or business established as a result of regional policies should be competitive and not need ongoing financial aid from government.
-This encourages self sufficiency and independence which in turn improves economic growth.

6. Investment in social capital.
-Governments need to improve the quality of education and healthcare in a region.
-Development for people involves providing essential services and goods that improve the living standard of people in a region.
-Examples include food, housing and security

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7. Free market orientation
-The government will have to allows the forces of demand and supply to be the ones that regulates the market.
– This can be done by removing barriers that block other businesses from entering the market in order to encourage competition.

8. Sustainability
-The government should find measures to ensure that we do our economic activity in such a way that we do not harm the environment.
-The use of local resources will also offer the most cost-effective solutions.

-The South African government has entered into several agreements and projects that support development in Southern Africa for the benefit of South Africa.

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