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A lot of what is argued about on skills-universe concerns economic systems - ideas about what governments should and shouldn't do - how much should they regulate.
One side says drop all regulation and everything will fall into place, the economy will grow and everything will be solved.
So it is always good to get some evidence from the results of international organisations reports.
JP Landman has written a must-read article on how organisations such as the Organisation for Economic Cooperation and Development (OECD) and International Monetary Fund (IMF) have changed their ideas on labour market regulation.
The organisations have concluded that inequality "tends to drag down GDP growth".
For South Africa that probably has the most unequal society in the world, this is a critical conclusion to consider.
Dropping all regulation will not solve the problem - in fact they suggest it will have no positive effect on productivity, and the high level of inequality pulls down economic growth.
Also highly relevant to SA, the IMF concludes that for emerging markets, the organisation suggests higher infrastructure spending, and reform related to business conditions, product markets, and education - one of our constant subject of debate on skills-universe.
Is it a bridge too far to suggest that what skills-universe members are doing in education, skills development, and training can - and will - make a difference to reducing inequality and promoting growth?
For the full article on JP Landman's site, please click this link:
JP Landman The Gurus Changed their Minds.
Is it possible that SA isn't as off-track as media would have us believe?
This has been followed today by the complimentary comment on SA's stable economic framework,
OECD July 2015 SA Economic Survey
and the Jubilee Debt Campaign report this month on "The New Debt Trap" that lists 95 countries either in or near debt crisis - but SA is not one of them. (See Mail and Guardian report by Lisa Steyn on: Weary World Beggared by Borrowing.)
