Economists have long believed that investment in education, or "human capital," is an important source of economic growth. And only recently has this message been explored. An essential aspect of the economic development argument supporting early childhood development (ECD) is that these programs can significantly improve the cognitive and social/behavioural capacities of young children so that later in life they will be more productive citizens than they would otherwise have … [Read more...] about Investing in early education for economic growth
economic growth
Economy Slacks to 1.3% Growth
The South African economy's Real Gross Domestic Product (GDP) contracted to 1.3% in the second quarter of 2011, the slowest rate in almost a year. "Real GDP at market prices increased by 1.3% during the second quarter of 2011 compared with an increase of 4.5% during the first quarter of 2011," Statistics South Africa (Stats SA) acting executive manager of national accounts, Gerhardt Bouwer, said on Tuesday. GDP in the first quarter was revised from 4.8% to 4.5%. Consensus was that GDP … [Read more...] about Economy Slacks to 1.3% Growth
Too Early to Revise 3.4% Economic Growth Forecast
It would be premature to revise South Africa's 2011 growth forecast of 3.4% due to the current global turmoil, says Business Unity South Africa (BUSA). "As BUSA's forecast for economic growth as a whole in 2011 of about 3.4% has always been conservative, it believes that any immediate revision of this forecast would be premature," said the organisation on Thursday. Positive elements in the global outlook include high commodity prices for gold, platinum and coal. South Africa's slow rate of … [Read more...] about Too Early to Revise 3.4% Economic Growth Forecast
