FASTER AND SUSTAINABLE INCLUSIVE GROWTH Problem Statement Sample Clauses

FASTER AND SUSTAINABLE INCLUSIVE GROWTH Problem Statement. South Africa had experienced the high unemployment, poverty inequality which undermined the sustained growth. Despite reasonable growth, the economy remained deeply unbalanced with the high unemployment rate taking place. The Gini-coefficient of 0.65 in 2009 showed the highest imbalance income distribution in the world. Although the economic growth in the Province in 1997 and 1999 was higher than the national rate in terms of GDP growth, still showed some imbalances in that that performance could not be sustained over the years. The Mpumalanga Economic Growth and Developmental Growth Path define the nature of the Provincial jobs and equity challenge, it provide a spatial referencing in terms of a growth path that identifies the jobs drivers-that is, where jobs can be created – as well as key policy drivers, meaning the policy tools available to support employment growth across the economy,as well as identify trade-offs and choices that have to be considered. It will also identify the resource needs, both financial and non-financial resources for implementation and the institutional issues. The work will take place in two phases: • Phase 1-finalisation of the framework for the MEGDP • Phase 2-development of the detailed implementation plan Achieving the goal of decent employment through inclusive growth will require increased participation and contribution of social partners in the development, implementation and monitoring of policies and programmes. The MEGDP will entail a new set of trade offs for all social partners and between long term and short term costs and benefits. The successful implementation of the MEGDP will require creating consensus and mobilizing social partners towards the common aim. The nature of these pacts will depend on the outcomes of the MEGDP, after which a clear, costed implementation plan will be developed
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Related to FASTER AND SUSTAINABLE INCLUSIVE GROWTH Problem Statement

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  • Complete Portfolio Holdings From Shareholder Reports Containing a Summary Schedule of Investments; and

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