Introduction

South-Africa is a country with a difficult past as it is for any developing country. We have had our wars and internal conflict but one of the biggest mistakes we made is still haunting South-Africa today. We never invested enough in our people and when we did it was only in a small portion of the population. This problem was not so apparent at first because of how rich in high value minerals and agricultural land we had this in turn allowed our economy grow at a great pace. While the mining industry in South-African exports is still very large it is at the lowest point it ever was and will only shrink in times to come. Today our government is struggling with this problem as we have a barley educated population heading into and age of growing globalization where a skilled labor force is critical. Depending how fast we develop and improve as a country will intern influence our global standing as a stable economy that the international market will want to invest in. Priorities of resource allocations are made by government and is closely watched and monitored by the world. This makes election times a critical point in economical time as the decisions we make as the people and the government will determine the effects on the economy.

Education and Unemployment

One of the critical parts of the economy is a skilled work force. Education is the starting point for the development of a laborer or an employed person. It is the foundation of the entire economy and links into every aspect of the economy. If you look at the problems that are caused by an uneducated or largely illiterate nation it is staggering to see how many problems South-Africa is facing is linked to education. Education is linked to employment as a requirement, this intern links to the inverse in uneducated to unemployment and long term unemployment leads to greater levels of poverty and poverty leads to crime. But if there is no job there can be no employment even if you are educated. This is where education promotes entrepreneurship and successful entrepreneurs start businesses that employ more people as they grow. One of the big reasons why education will start to play a bigger and bigger role in South-Africa is because the demand for crude metals is dropping. We are moving to into the age of technology that is becoming more and more refined and sophisticated in size. This requires high quality products that intern requires a high quality labor force and the quality of your labor force is determined by their education. Because of the efficiency effect technology has on business there is a huge increase in company capital investment into technology and fewer and fewer physical labor will be required in the future. For example: The cars that we drive are not welded by skilled workers they are welded by automated robots.