The Political Economy of South Africa's Post-apartheid Transition : The Rejection of Alternatives to Neoliberalism Critical Reconstructions of Political Economy, Volume 7 /
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South Africa's post-apartheid transition has proven disastrous. It is marked by the emergence of a black elite of enriched capitalists out of the globalisation, neoliberalisation and financialisation of the economy in general and of its Minerals-Energy and Financial Complex in particular. By contrast, inequalities, poverty and failing social provision have persisted. Recent attention has shifted to how this disastrous trajectory was initiated, some suggesting a lack of available alternative policy options at the time of transition. This is shown to be false with a full range of progressive alternatives being rejected with corresponding consequences, from "state capture" to electoral defeat.
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1 online resource (347 pages) : illustrations. :
Includes bibliographical references and index. :
9789004731653
Debating Economic Policy for South Africa's Post-apartheid Transition: From Scholarship and Ideology to Policy in Practice : Critical Reconstructions of Political Economy, Volume 8...
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The reasons for South Africa's full and rapid post-apartheid embrace of neoliberal economic policy remain controversial. Drawing on the author's own participation in policy debates, this volume establishes there were alternatives available that were either dismissed or not even considered. Explanations for policy failings have to be sought in determinants such as globalisation, financialisation, capital flight, corporate restructuring and Black Economic Empowerment. The text offers extensive surveys of relevant literature including the developmental state, industrial and social policy, privatisation, trade policy, the Harvard School, comparative experience and the deficiencies in the country's National Development Plan and New Growth Path.
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1 online resource (252 pages) : illustrations. :
Includes bibliographical references and index. :
9789004746572