Understanding the ANC today

1 total work

Development in a divided country

by Ben Turok, Ha-Joon Chang, and Joao Carlos Feraz

Published 15 September 2015

This title begins from the standpoint that new thinking is needed if South Africa is to generate sustainable economic growth, provide employment and decent work and promote rural development. As comparisons with other developing economies, particularly South Korea and Brazil, show, it is possible for the so-called developmental state to direct and plan economic activity and achieve developmental objectives. At the same time the title warns about the perverse impacts of black economic empowerment, particularly the growth of a rentier class of well-connected entrepreneurs.