South Africa Economic Conditions
A fundamental factor in the modern economic growth of the country has been the rich endowment of subsoil resources. The mining activity began in the last decades of the nineteenth century, and drew a decisive boost from the production needs generated by the Second World War, which prompted Great Britain to stimulate the South African industrial apparatus. What attracted huge investments from the motherland, and subsequently from the United States, was above all the wide availability of very low-cost labor,…