Investment Redistributive Incentive Model (IRIM) for South Africa: a proposal for redistributive development

  • Andrea Giampiccoli Durban University of Technology, Ritson Campus, Department of Hospitality and Tourism
  • Oliver Mtapuri University of KwaZulu Natal Durban 4001South Africa http://orcid.org/0000-0001-7698-9482

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. 

Author Biographies

Andrea Giampiccoli, Durban University of Technology, Ritson Campus, Department of Hospitality and Tourism

Dr. Giampiccoli holds a PhD from the Department of Geography from the University of KwaZulu-Natal (South Africa). He currently is a Research Fellow at Durban University of Technology (Department of Hospitality and Tourism) in Durban, South Africa. His main research interests are related to all aspects of community-based tourism. His other research interests include tourism development theories, sport events, food and hospitality. 

Oliver Mtapuri, University of KwaZulu Natal Durban 4001South Africa

Oliver Mtapuri is an Associate Professor in the School of Built Environment and Development Studies at the University of KwaZulu Natal in Durban, South Africa. His areas of research interest include poverty, redistribution and inequality, innovation, community-based tourism, public employment programmes, research methodologies, climate change and project management. 

Published
2020-11-18
How to Cite
Giampiccoli, A. and Mtapuri, O. (2020) “Investment Redistributive Incentive Model (IRIM) for South Africa: a proposal for redistributive development”, e-Review of Tourism Research, 18(1), pp. 147-167. Available at: https://journals.tdl.org/ertr/index.php/ertr/article/view/612 (Accessed: 24November2020).
Section
Articles