Business and the State in Africa: Economic Policy-Making in by Professor Antoinette Handley

By Professor Antoinette Handley

The dominant developmental technique in Africa over the past two decades has been to suggest the function of markets and the non-public area in restoring monetary development. fresh pondering has additionally under pressure the necessity for 'ownership' of financial reform by means of the populations of constructing international locations, relatively the company neighborhood. This ebook stories the business-government interactions of 4 African international locations: Ghana, Zambia, South Africa and Mauritius. making use of a ancient institutionalist procedure, Antoinette Handley considers why and the way enterprise in South Africa and Mauritius has built the capability to constructively contest the making of monetary coverage whereas, conversely, enterprise in Zambia and Ghana has struggled to increase any self sufficient political means. Paying shut recognition to the jointly constitutive interactions among enterprise and the nation, Handley considers the function of timing and the way ethnicised and racialised identities can impact those interactions in profound and consequential methods.

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Additional resources for Business and the State in Africa: Economic Policy-Making in the Neo-Liberal Era

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Moreover, the encounter with capitalism accelerates and intensifies in the colonial period. 20 Business and the state in Africa The second juncture was the immediate post-independence era, the 1960s and 1970s, in which the state commonly embarked on a concerted effort to restructure its own economic and political role, and to reorder economic activity in that society. This, rather than the colonial era, was the critical moment for most of Africa’s indigenous business classes, many of whom were born nearly simultaneously with – or shortly after – independence.

Murray, “The Development of Capitalist Production Processes: The Mining Industry, the Demand for Labour and the Transformation of the Countryside 1870–1910,” in South African Capitalism and Black Political Opposition, ed. Martin J. Murray (Cambridge, MA: Schenkman, 1982), 129. Stanley B. Greenberg, Race and State in Capitalist Development: Comparative Perspectives (Binghamton, NY: Yale University Press, 1980), 37. Murray, “The Development of Capitalist Production Processes,” 128. Development of the South African business class 33 capital and technical expertise (as well as cheap labor – more on this later).

49 South Africans had successfully diversified their economy – but had not significantly dented the ethnicized control of that economy. In the minds of many Afrikaner Nationalists, it was time to get serious about that second task. ”51 Under Malan’s leadership the party adopted a more focused brand of Afrikaner nationalism, less inclined to “cozy up” to the mines and their interests. Afrikaners had grown impatient. 52 The NP won the election in 1948, formed South Africa’s “first purely Afrikaner government,”53 and would govern uninterrupted until 1994.

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