Masters in Public Administration - MPA / This study examined the role the Malaysian government played in developing the Malaysian economy as a means to eliminating poverty and inequality and explored the lessons South Africa can learn from Malaysia's development experience. Under British colonial rule Malaysia developed a divided multi-ethnic society characterised by gross inequality and high levels of poverty. Jolted by the 1969 race riots and in a major departure from the laissez-faire economic policy, the government embarked on the New Economic Policy in 1970. This ambitious twenty-year social engineering plan ushered in greater state intervention in the economy. It greatly reduced poverty among indigenous Malays and made substantial progress towards achieving inter-ethnic economic parity. / South Africa

Magister Artium - MA / This thesis evaluates Turner's capacity to encourage a shift in white politics towards New Left radicalism. Despite Turner's influence on many, tensions arose between Turner's politics and more orthodox forms of socialism, embodied in unions and in vanguard parties. The socialist political culture which developed after his death was driven by leaders who were determined to build organizations that could meet tangible, short-term goals. What was lost in abandoning 'the necessity of utopian thinking' as outlined by Turner? Eclipsed through banning and assassination, and simultaneously marginalized by doctrinaire Marxism, Turner's work has yet to take its proper place in the history of liberation struggle in South Africa. This thesis aims to revive Turner's discourse by re-engaging with the utopian elements of his thought, making them available for our present political climate. / South Africa

Magister Philosophiae (Land and Agrarian Studies) - MPhil(LAS) / The study adopted qualitative research methods because the issues to be researched are complex social matters. The approach was three-pronged. Firstly, a desktop assessment of the claim was done. Secondly, semi-structured interviews were conducted with selected households in the community to understand their experiences after dispossession and their perception of the restitution claim. Thirdly, a combination of desktop analysis and household interviews was employed to understand the socio-economic dynamics and evaluate the feasibility of the community's perceptions. / South Africa

Africa is currently experiencing a movement toward more democratic systems of government. The causes of such changes are numerous, but the literature on African democratization, like that on similar changes elsewhere in the world, places emphasis on the role of internal or domestic factors. The role of international pressures toward democratization is almost completely ignored. The case of Mozambique illustrates the dangers of such an omission. During the past decade Mozambique has undergone considerable political change. The single-party, Marxist-Leninist oriented state has been replaced by a multi-party system, devoid of explicit references to any guiding ideology. The government has also expanded its contacts with the West, particularly by means of its assuming membership of the International Monetary Fund and the World Bank. These changes in Mozambique's political orientation have been accompanied by economic reforms, designed to arrest the precipitous decline in the Mozambican economy. In this dissertation I argue that the causes of both the economic and political reforms lie in this decline and in the government's need to secure capital and debt relief internationally. In order to do this, the Mozambican government had to change the aspects of its political system which were seen as being unacceptable by the West, in particular the lack of multi-party competition and its overtly Marxist orientation and close ties to socialist countries. Because the reforms had their primary genesis in Mozambique's need for international acceptance and not in the growth of popularly based democratic organisations, the reforms are fragile and their meaningfulness questionable.

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Available statistics on growth trends in the Economic Community of West African States (ECOWAS) are wanting, particularly net per capita growth rates. The analysis of available data from 1970 to 2012 by this study, for instance, shows that the net real GDP growth rate for the ECOWAS is 0.52%. Only four countries had net growth rates above 1% per annum mean growth rate of ECOWAS region. At the estimated growth rate, the prospect of accelerated growth in ECOWAS is very weak. The Barro endogenous growth model states that government provision of services can generate externalities to the private productive activities. Government’s provision of productive services in ECOWAS can ensure long-run per capita output growth without the per capita growth rate running into steady state growth. However, there are divergent views as to whether government provision of services induces long run economic growth. These views are based on different schools of thought. For instance, the economic freedom school argues for minimum government involvement (small governments) to ensure economic and political freedom to induce private investors invest and encourage economic growth. The optimal government school of thought (medium size governments) argues that government spending enhances private productivity growth through the provision of infrastructure, spending on research and development, public education, sewage, other public goods and protection through functional law and order systems. The optimal school of thought also acknowledges that government expenditure can also reduce economic growth through increases in taxation. An increase in taxation reduces the returns on investment of physical and human capital and in research and development (R&D) of private firms. This thesis investigates the impact of government expenditure on the provision of public services on economic growth in ECOWAS. To assess the impact of government expenditure on the provision of services on economic growth of ECOWAS, this thesis assesses whether the size of government, government expenditure and economic institutions promoted economic growth in ECOWAS. The thesis also determines whether per capita government capital expenditure, per capita government consumption expenditure, per capita private capital stock, per capita manufacturing output, per capita services output and per capita agricultural output have any impact on per capita real GDP growth in ECOWAS. To carry out this study, data were collected from United Nations Conference on Trade and Development (UNCTAD) database and Transparency International (TI) database. The data used covered the period of 1970 – 2013. The statistical research methods applied are the time-series methods of panel unit root test, panel co-integration test, and panel regression analysis, using both panel OLS regression models and estimation and inferences in co-integrated panel data regression methods. The panel OLS regression models applied are the panel OLS regression; panel fixed effect model (FEM) regression and the panel random effect model (REM) regression. The estimation and inferences in co-integrated panel data regression models applied are panel VEC regression model, panel DOLS regression and panel FMOLS regression. The panel DOLS regression and panel FMOLS regression models do not have an intercept, unlike their pure time-series models, which have intercepted. To ensure that the parameters estimated are reliable, this thesis conducted diagnostic tests to subject the regression result to scrutiny. The estimated panel data regression using panel OLS regression, panel FEM regression and panel REM regression indicate that the results of the estimated parameters were spurious having both autocorrelations and heteroscedasticity. High values of adjusted R-squares that were approaching one and high significant values of t statistics but very low values of Durbin-Watson Statistics demonstrated the existence of heteroscedasticity and autocorrelation in residuals. The results of the diagnostic tests also show that the DOLS estimated regression model out-performed both VEC and FMOLS regression models based on both aggregate data and per capita data estimated parameters. The results of the parameter estimated using panel VEC and panel FMOLS regression models showed that both panel VEC and panel FMOLS regression models had the problems of their residuals having not only autocorrelations but heteroscedasticity. The panel DOLS regression results were satisfactory, having no multicollinearity, autocorrelations and heteroscedasticity. The estimated panel DOLS regression results were applied to test hypotheses formulated to guide this thesis. Results from panel DOLS estimated parameters show that the existing government size in ECOWAS stimulated economic growth. The results also showed that the government expenditure exhibited an inverted U-shape with respect to economic growth. The thesis also showed that existing government size in ECOWAS significantly stimulated economic growth in the region. The results of regression indicate that economic institutions contribute negatively to the economic growth of the ECOWAS. The results also established that government capital expenditure per capita has significantly engendered economic growth. Government consumption expenditure per capita stimulated economic growth. However, private capital stock per capita has not stimulated economic growth in ECOWAS. Service sector output per capita, agricultural output per capita and manufacturing output per capita stimulated significantly economic growth in the ECOWAS sub-region.

The primary purpose of the research project was to explore the impact the Namibian Youth Credit Scheme (NYCS) modelled on the Commonwealth Youth Scheme (CYS) is impacting the programme beneficiaries in the Omaheke Region. Namibia as a whole as well as the research locale has a high percentage of youth unemployment where most of the youth experience chronic poverty with limited opportunities to change their fortunes around. Through a qualitative research strategy, the researcher set out to investigate the level and type of impact the programme has had on the beneficiaries of the programme, as well as to ascertain the challenges and sustainability thereof. The researcher utilized the opportunity provided by one of the post-training workshops by converting it into two focus groups of fifteen participants in each. Two implementing agents (IAs) were individually interviewed to gain some insight from employees into the inner working and outlook of the workers in the NYCS programme. Lastly, ten beneficiaries were interviewed as a form of internal triangulation in sourcing credible data. The research found the programme has made a tremendous difference economically in the lives and families of beneficiaries. The programme not only improved their livelihood but it also contributed educationally to their knowledge base and skills formation. Psychologically the programme improved their social outlook generally and their political stance specifically, the latter as it pertains to the NYCS programme in particular. The study concluded by making several recommendations on how the programme could improve. These recommendations are not definitive; they are suggestive. In order for the recommendations to be conclusive, several other factors in terms of the research process would have to be considered. Even so, within its research dimension the research proved the programme to be highly effective.

On 1 October 1949, the Communist Party of China under the leadership of Mao Zedong proclaimed the establishment of the People’s Republic of China. Mao was to lead the People’s Republic of China for the next twenty seven years until his death in 1976. During this twenty seven year period under Mao’s leadership the Communist Party of China consolidated its position as the leader of Chinese society and in so doing consolidated communist ideology as the central perspective that guided social and economic planning in China. In 1978, two years after Mao’s death, Deng Xiaping assumed the leadership of the Communist Party of China and this period marked the beginning of far reaching economic and social reforms in China. Over the next thirty years these reforms were to transform China’s economy from the tenth largest to the second largest in the world by the end of 2013. During this period China grew its manufacturing base to the extent that the country has become the world’s largest manufacturer and the world’s leading exporter. This transformation of China’s economy has translated to the country experiencing a period of high levels of economic growth over a sustained period of over 30 years. Estimates suggest that the country’s gross domestic product grew at an average annual rate of nearly 10% over a thirty year period from 1978. These high levels of economic growth have significantly contributed to the overall reduction of poverty levels in the country, with some estimates suggesting that between 300 million to 500 million of the country’s citizens have been lifted out of poverty over a period of thirty years. China’s economic growth has had an impact beyond its own borders, as growth in many developing countries has been inextricably linked to developments in the Chinese economy in particular its demand for raw materials.For developing countries that continue to grapple with high levels of poverty among its citizens, China’s experience of lifting such large numbers of its own citizens out of poverty at the back of high levels of economic growth over a period of thirty years must serve as a basis for some learnings. The primary purpose of this research is aimed at contributing towards building the basis for such learnings, particularly with regards to building an understanding of how China has been able to grow its economy at such high levels over a sustained period of time. This research aims to identify the determinants of China’s growth post 1978. The determinants of growth are studied particularly from 1978 because the year marks the beginning of the period of economic reforms.

This research looks at the process of women’s empowerment in post- 1994 Rwanda, with special focus on twelve cooperatives working in Mayaga region and the way these cooperatives empower women, their households and the community at large. Traditional Rwandan society has been always bound by patriarchy which has not valued the reproductive roles of women as economically productive in their households and the society as a whole. On the one hand, this understanding was reversed in the post-1994 Rwanda by the commitment of the government to gender equality at the highest level of political leadership through progressive policies and legislation. On the other hand, in Mayaga region, cooperatives brought about socio-economic development and changed relationships of gender and power in a patriarchal post-conflict society. The findings from cooperatives in Mayaga region show that to prevent women from reaching their full potential is economic folly. If women are empowered, they can generate important development outcomes such as improved health, education, income levels and conflict resolution. The findings further indicate how women’s empowerment is determined by the livelihood strategies women adopt themselves to respond to their vulnerability, and by the ways in which they express their agency in making a living in a sustainable way, with the available community assets that they have access to (financial, social, human, natural and physical). This research highlights that the accessibility of the community assets used by women in Mayaga region and in Rwanda as a whole is also determined by policies, institutions and processes that are able to influence their livelihoods positively.

This research focused on derivative instruments which are financial securities whose values are derived from the values of underlying assets, such as shares, bonds, currencies or interest rates. Derivatives are predominantly used to manage risks in portfolios (hedging) and trading (speculation). Derivatives have been used for centuries and have developed into one of the largest global financial markets. The most common derivative instruments available to investors are options, futures, swaps and contracts for difference, as they are fairly easy to understand and apply. During the 2008/2009 global financial crisis derivatives, especially credit derivatives, made headlines and although they did not cause the crisis, they accelerated it. Furthermore, the 2008/2009 financial crisis also increased the negative sentiments many investors have towards derivatives. As a result of the crisis the growth in the global derivatives market came to a halt for the first time in decades. In light of the above, the primary objective of this study was to gain a deeper understanding of derivatives trading in emerging markets, especially in the South African context, as these financial securities are very useful portfolio management tools. The aim of this study was to describe the current state of the South African derivatives market; to investigate the role that derivative instruments played in the 2008/2009 global financial crisis; and to identify the variables influencing investors’ decisions whether or not to include derivatives in their portfolios. Given the nature of the problem stated a qualitative or phenomenological research paradigm was adopted. This paradigm was deemed suitable given the exploratory nature of the research. Primary and secondary data for this study were obtained through semi-structured personal interviews with 21 experts in the South African financial services industry and through an extensive literature review, respectively. A research instrument, based on the literature review was developed to facilitate the interviewing process. The results of the empirical investigation show that although the majority of respondents use derivative instruments in managing their portfolios, the South African derivatives market is still in its development phase. Many investors do not use derivatives frequently as they lack knowledge about derivative instruments, receive uncompetitive prices, are restricted by rules and regulations as well as investment mandates. Fourteen variables were identified as having a possible impact on investors' decisions whether or not to use derivatives in their portfolios. The five variables identified in the empirical investigation as being the most important, were the level of information available and the transparency of price determination; investor’s knowledge of different derivative instruments; investor’s level of risk tolerance; the level of liquidity in the market; and investor's knowledge and familiarity with financial markets. The findings of this study suggest that financial institutions, selling and trading derivative instruments, should concentrate on these five variables to make derivatives more attractive investment alternatives for investors. In order for South African investors to consider derivatives as suitable investments more often, it is strongly recommended to educate investors better about these products and decrease the negative sentiments investors have towards derivatives. This should be done by showing and explaining to investors that derivatives are useful hedging and portfolio management tools. It is necessary to state the dangers and benefits of derivatives, as well as the features differentiating them. Financial institutions trading derivative instruments, local education facilities (e.g. universities) and financial markets related organisations should educate investors by providing various educational tools, such as online courses, booklets, seminars or presentations about derivative products on offer. Furthermore, it is highly recommended to make derivative markets more transparent through adequate and appropriate regulations. In that, investors are better protected from counterparty risks and trade in a safer environment due to clearing houses.