Investing in the Future: A Comparative Analysis of Green Technology Investments and Youth Unemployment in the US and South Africa

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dc.article.end-page205
dc.article.start-page169
dc.contributor.authorWeaich, Malcolm
dc.contributor.authorWeaich, Sherwyn
dc.contributor.authorSimbanegavi, Prisca
dc.contributor.authorNdlovu, Pride
dc.date.accessioned2024-07-30T10:00:40Z
dc.date.available2024-07-30T10:00:40Z
dc.date.issued2024-05-14
dc.descriptionCorrespondence: M. R. Weaich, School of Construction Economics and Management, University of the Witwatersrand, Johannesburg, South Africa. E-mail: malcolm.weaich@wits.ac.za
dc.description.abstractThis study explores the nuanced relationship between sustainable investments, particularly from entities such as the United States (US), and their impact on unemployment trends in South Africa, contributing to discussions on sustainable development goals (SDGs). Utilizing a quantitative approach with data from sources such as the World Bank and Statistics SA, this study employs statistical and econometric methods to assess the socioeconomic consequences of international sustainability funding. The findings indicate a significant link between US sustainable investments and youth unemployment in South Africa, challenging and reinforcing existing research. It depicts that while foreign investments in green initiatives are crucial, they may inadvertently affect local employment negatively. This study recommends policy adjustments in both US and South African legislation to align foreign investments with SDGs, aiming to mitigate youth unemployment. This study underscores the importance of understanding the implications of international funding conditions on local economies, offering insights for policymakers and scholars to develop strategies that leverage sustainable investments for economic growth and employment opportunities. This study provides a fresh perspective on the dynamics between international investments and local unemployment, offering valuable insights for economic planning and policy formulation in South Africa and across other African nations.
dc.description.submitterMW2024
dc.facultyFaculty of Engineering and the Built Environment
dc.identifierhttps://orcid.org/0009-0000-0015-7567
dc.identifier.citationWeaich, M. R. et al. (2024) “Investing in the future: A comparative analysis of green technology investments and youth unemployment in the US and South Africa,” The International Journal of Sustainability in Economic Social and Cultural Context, 15(1), pp. 169–205. doi: 10.18848/2325-1115/cgp/v15i01/169-205.
dc.identifier.otherhttps://doi.org/10.18848/2325-1115/cgp/v15i01/169-205
dc.identifier.urihttps://hdl.handle.net/10539/39903
dc.journal.titleThe International Journal of Social Sustainability in Economic, Social, and Cultural Context
dc.language.isoen_US
dc.publisherCommon Ground
dc.relation.ispartofseriesVolume 15; Issue 1
dc.schoolSchool of Construction Economics and Management
dc.subjectConstruction Economics
dc.subjectFunding Conditionalities
dc.subjectGreen Foreign Policy
dc.subjectInternational Monetary Fund
dc.subjectSustainable Development Goals
dc.subjectSustainable Investment Conditionalities
dc.subjectWorld Bank
dc.subjectYouth Unemployment
dc.subject.otherSDG-8: Decent work and economic growth
dc.titleInvesting in the Future: A Comparative Analysis of Green Technology Investments and Youth Unemployment in the US and South Africa
dc.typeArticle
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