The challenges to attaining the benefits of the demographic dividend in South Africa. Introduction A demographic dividend is the accelerated economic growth that can result from improved reproductive health, a rapid decline in fertility, and the subsequent shift in population age structure. With fewer births each year, a country’s working-age population grows larger relative to the young dependent population. With more people in the labor force and fewer children to support, a country has a window of opportunity for economic growth if the right social and economic investments and policies are made in health, education, governance, and the economy. For a country to realize demographic dividend it must first undergo demographic transition which
The result found that, factor and impact on household saving can be vary in many countries, where else the relationship between saving and economic growth are having differences. (Frączek, 2011) “Charles Yuji Horioka & Junmin Wan” (2007) It is an analysis of the determinants of the household saving rate using a life cycle model. Findings that household saving rate has been high and rising and that the main determinants of variations over time and over space therein are the lagged saving rate, the income growth rate. (Wan,
CHALLENGES TO ATTAINING THE BENEFITS OF THE DEMOGRAPHIC DIVIDEND IN SOUTH AFRICA The age structure of a population plays a key role in promoting economic growth through an increase in the ratio of the working age population. This is usually conditioned by the presence of good governmental policies and interventions. Demographic dividend is defined as a rise in the rate of economic growth due to a rising share of the working age people in a population. This phenomenon occurs with a falling birth rate and the consequent shift in the age structure of the population towards the adult working ages. This essay seeks to discuss the challenges to attaining the benefits of the demographic dividend in South Africa.
(Joseph, 2013). That is the impact of changing consumer habits in the society, especially in the transitional period of our country's economy. if businesses do not have the time to grasp the degree of change which will have difficulties in their business activities, may even lead to bankruptcy, it will directly, or indirectly causing difficulties for bank in operation for on.These really matter requires each bank to have marketing activities effectively and qua.trong phase harsh competition in the economy. c) Influence of technological factors. Technological factors currently very important factor determining the competitiveness on the market for each bank.
What was the role of economics in driving changes resulting from the Neolithic and Industrial Revolutions? The Neolithic and Industrial revolutions were crucial to the advancement of economics. As a result of the Neolithic Revolution, the world began a transition from hunter-gathers to a more settled way of life. Through increases in population, settlements became towns and the dawn of civilization began. The economy impact from the Industrial Revolution was just as momentous.
Hence this may have a positive impact on the economic growth. Migration has social impact as well that is in turn linked with economic performance. Migration is not confined to the physical movement of people, but it would also include the movement of values and cultures (Castles & Miller, 2009). When the immigrants communicate with the new society, barriers such as language and norms may arise which may cause a hindrance to perform actively in the economy. Moreover the size of the immigrants as well as their demographics like age, culture, race and status will matter as well.
And also the main reason of fluctuation and hurdles in economic development because of interest rate of money. And also creates unequal of distribution of wealth within the society as power of money in few hands. (Farooq 2012). Interest rate affects all sectors of all economy It has a major impact on banking sector because many countries have directly deal with money. The globalization is increasing so it has made efficiency as the most important factor of both financial and non-financial institutions and banking sector as the life of blood the modern trade of commerce.
The society that you grew up in, family, peers, and your background are all influences on the decisions you make. Sometimes these factors make it easier to choose and follow a career path. However, these can also act as obstacles to making and following through on decisions. An obstacle to a satisfactory decision