The main issue revealed in the article is the problem of the local business and its competitiveness with global enterprises. The fact is that in South Africa, there is a tendency for the business acquisition of global giants such as Walmart, Zara, and Burger King.
The problem is what advantages for the local economy can provide global corporations in comparison with the small enterprises. The major part of the researches is apt to think that the benefits of the small local-oriented business are obvious. They provide the local community with better job opportunities and better wages.
At the same time, it must be admitted that the benefits of the economies of scale are evident for the consumers. The points under discussion of the given article are different programs, aiming to support the local business and to offer them opportunities for growth.
As for me, I completely agree with the statements of this article, proposing different programs for the supporting of the local business. No matter how expensive these programs are, and what is the taxation from the giant enterprises, it is necessary to realize that without the domestic producers, the economy is doomed to failure.
My strong belief is that the economy of the state should be not only consumptive but also productive. It is considered by Sandrock (as cited in Burmeister, 2013), that micro and small business growth are essential for economic and job creation in the country.
Moreover, I think that if done right, the local business may be the basis for the development of the local economy, corresponding to its needs and taking into consideration the peculiarities of the definite region.
Mitchel, who is the senior researcher of the Institute for Local Self Reliance, says that (as cited in Burmeister, 2013,para.7), “Locally-owned businesses build strong communities by sustaining vibrant town centres, linking neighbours in a web of economic and social relationships and contributing to local causes.”
Burmeister, B. (2013). Befriend the Trend: Support for local business could boost SAs economy. Web.