Investment Redistributive Incentive Model (IRIM) for South Africa: a proposal for redistributive development
Abstract
This paper argues that incentives can be a useful tool to bring about change in social policy. These incentives could be linked to the exchange of know-how, share ownership, education, health, and housing. It is a conceptual paper based on secondary data. It suggests radical shifts that marry social policy and matters of corporate governance because education, health, and housing matter to people in as much as profit does to corporates. Government alone cannot solve these wicked problems of poverty, inequality, and unemployment facing contemporary society. This paper applies the Investment Redistributive Incentive Model (IRIM) in South Africa using tourism as an example. IRIM advocates linking foreign and domestic investment to redistribution of the things that matter to people in their different forms – material and non-material to alleviate poverty and inequality. The IRIM should be flexible and amenable to refinements in its application taking cognizance of local circumstances. Linking investments with social policy have the potential to shift policy and practice towards holistic societal transformation through empowering and capacitating communities by increasing their wealth while enhancing social justice and promoting inclusive, sustainable growth.
Downloads
Published
How to Cite
Issue
Section
License
e-Review of Tourism Research (eRTR) is an international electronic bulletin for tourism research (ISSN:1941-5842). It comprises current tourism research articles, commentaries and reviews by industry professionals. The materials are provided for the personal noncommercial use of registered users of the eRTR, free to individuals and institutions. Copies of articles may be distributed for research or educational purpose, free of charge and without permission. However, commercial use of the eRTR or the articles contained herein is expressly prohibited without the written consent of the publisher.
In consideration for publication of your work, if published on behalf of the eRTR, the author agrees to transfer the work to the eRTR, Department of Recreation, Park and Tourism Sciences, Texas A&M University, USA, including full and exclusive rights to publication in all media now known or later developed, including but not limited to electronic databases.
The authors represents and warrants:
- That the manuscript submitted is his/her own work;
- That the work submitted to the eRTR has not been previously published.