chapter  12
14 Pages

Africa and the ‘second new economy’: how can Africa benefit from ICTs for a sustainable socio-economic development?

ByNICOLAS PEJOUT

After J.H. Boeke (1953) and A. Lewis (1954), in 2003, former President Thabo Mbeki submits the idea of two economies co-existing in South Africa: a first-world economy (first economy) and a third-world economy (second economy). The first one is ‘an advanced, sophisticated economy, based on skilled labour, which is becoming more globally competitive’. The second one is ‘a mainly informal, marginalised, unskilled economy, populated by the unemployed and those unemployable in the formal sector’ (Mbeki, 2003a; Mbeki, 2003b). The relationship between these two economies varies between deconnection and a trickle-down effect.