South Africa Multinational Corporations - 2084 Words

South Africa: Multinational Corporations What do we know about South Africa and the effects that multinational corporations have on the economy, culture and people of this diverse country? The next few pages will provide the information that will fully answer the above question. Multinational corporations have funneled foreign direct investments into South Africa due to the diverseness and rich resources that has made South Africa very desirable. Unfortunately, there have also been many economic and political entanglements that have influenced, and in some cases, stalled the influx of foreign direct investment. Facing this economic reality, South Africa has had to make significant improvements in order to†¦show more content†¦In response to domestic and international pressure, South Africa began repealing apartheid laws in the 1970’s and 1980’s.(Moskowitz 78) Finally, apartheid laws were repealed in 1991 due to internal protests and international pressure upon the government of South Africa. This was a victory for the ethnic groups of South Africa, but discrimination is still a part of life in this country. The official languages of South Africa are African and English. Those who were privileged to attend school learned English as their primary language. During apartheid there were ten different education systems that were established to accommodate the various ethnic groups. The quality of education for whites was far more superior to that of non-whites. Once apartheid was repealed, there was only one education system that allowed equality for all of the students that attended. Even though apartheid has been repealed, it has left a legacy of racism but it has not affected the fact that the country is full of resources that has drawn foreign direct investors to South Africa. South Africa was strictly known for being a producer of raw mate rials such as gold and diamonds. As time has passed, the economic environment has changed from one of an agricultural economy to an industrialized economy. This is due to the insurgence of metal and engineering industries that have taken South Africa from strictly being know forShow MoreRelatedAnalysis Of The Documentary Stealing Africa By Christoffer Guldbrandsen861 Words   |  4 PagesIn today’s world of global trading, multinational corporations that are looking to expand on profits turn out to operate against the welfares of the world’s poorest countries. 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