{"title":"South Africa in the Installation Phase of a New Techno-economic Paradigm","authors":"P. Stewart","doi":"10.1163/15691497-12341593","DOIUrl":null,"url":null,"abstract":"\nSouth Africa’s situation of financialization, low growth, unemployment, and inequality is linked here to the ‘installation phase’ of a new technology as described by Carlotta Perez. South Africa’s informational economy is examined, and the role of the financial sector is summarized. The article then considers the strengths and weaknesses of the manufacturing and service sectors, and the embeddedness in them of digital technologies. The article concludes by supporting manufacturing as the best route to a new productive economic core while other sites of digital industry take deeper root. The need to shape finance to more national ends is also affirmed.","PeriodicalId":43666,"journal":{"name":"Perspectives on Global Development and Technology","volume":null,"pages":null},"PeriodicalIF":0.5000,"publicationDate":"2021-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Perspectives on Global Development and Technology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1163/15691497-12341593","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 2
Abstract
South Africa’s situation of financialization, low growth, unemployment, and inequality is linked here to the ‘installation phase’ of a new technology as described by Carlotta Perez. South Africa’s informational economy is examined, and the role of the financial sector is summarized. The article then considers the strengths and weaknesses of the manufacturing and service sectors, and the embeddedness in them of digital technologies. The article concludes by supporting manufacturing as the best route to a new productive economic core while other sites of digital industry take deeper root. The need to shape finance to more national ends is also affirmed.
期刊介绍：
Perspectives on Global Development and Technology (PGDT) is a peer-reviewed journal for the discussion of current social sciences research on diverse socio-economic development issues that reflect the opportunities and threats brought about by the world order shift from bipolar to global, the present economic liberalization that constricts development options, and the new enabling technologies of the Information Age. A founding principle of PGDT is that all people are entitled to scientific and technological knowledge to promote human development. PGDT is the international forum where the questions associated with this endeavour are thoroughly examinated and clearly communicated.
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