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 Periodical article |
 Leiden University catalogue |
 WorldCat |
| Title: | Economic Policy and Power Relation in South Africa's Transition to Democracy |
| Authors: | Habib, Adam Padayachee, Vishnu |
| Year: | 2000 |
| Periodical: | World Development |
| Volume: | 28 |
| Issue: | 2 |
| Period: | February |
| Pages: | 245-263 |
| Language: | English |
| Geographic term: | South Africa |
| Subjects: | African National Congress (South Africa) economic policy Economics and Trade Politics and Government Development and Technology |
| External link: | https://doi.org/10.1016/S0305-750X(99)00130-8 |
| Abstract: | South Africa's leading antiapartheid organization, the ANC, entered the period of transition in the early 1990s with only an impressionist economic vision. But for all its limitations it included a (State-led) programme of development directed at alleviating the legacy of poverty and inequality. However, the ANC was soon required to fashion a set of concrete, modelled, economic proposals around which it could at some level negotiate with other organizations and social groups and contest an election. The economic programme ultimately adopted and implemented differed significantly from both the organization's original vision, and its initial proposals. This economic programme was a fairly standard neoliberal one. This paper contends that this shift in economic policy was the result of the ANC's particular perception and interpretation of the balance of economic and political power, at both the global and local level. This understanding gave priority and prominence to the international financial and investor community rather than to the country's postapartheid growth and development needs. Bibliogr., notes, ref., sum. |
