Essay about South Africa a Development and Economic Overview

2384 Words Oct 11th, 2012 10 Pages
South Africa
A Development and Economic Overview

Introduction I chose South Africa as the topic for this research paper. I have always wanted to visit South Africa but have never had the opportunity to travel there. My involvement in international development has given me an interest in this country, as it has many ties to the developing world and the history of developing countries through colonialism. South Africa is influenced by all levels of economic activity including the primary, secondary, tertiary, quaternary and quinary sectors which determine if South Africa’s commercial economy. These economic levels, along with the indicators of development, show whether or not South Africa is a developed nation and if so, how
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With a highly developed manufacturing sector, South Africa produces a large assortment of goods ranging from processing foods to creating complex machinery (Geography of Africa, 2008). South Africa has an extremely large influence in exporting and importing around the world, which makes the service sector the largest in its economy. The services employ more than any other sector in South Africa, employing 65% of the workforce (South Africa, 2011). Tertiary activities provide information that is essential to knowing the market demand, which benefits South Africa’s commercial economy. The quaternary and quinary sectors of South Africa are also present throughout the country although as “statistics do not always have a clear distinction between tertiary service employment and the higher level quaternary and quinary services” (Fellman, 2009, page 368), it is difficult to determine how large of a role they play within the country.

History of the South African Economy

South Africa has always mainly been a commercial economy. The effects of European colonialism caused South Africa to become a commercial trading economy. It began with the Dutch creating the city of Cape Town in 1652 as a stopover location on one of their spice routes (Hallet, 1974). Cape Town was then seized by the British in 1806 who later found diamonds and gold which lead to wealth in South Africa for the colonizers (Comaroff, 1997). This caused all

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