Fatal embrace
How relations between business and government help to explain South Africa's low-growth equilibrium
Bibliographic Data
| ID | 5725531 |
|---|---|
| Authors | Alan Hirsch (0009-0000-0564-2262, University of Cape Town, Cape Town, South Africa, corresponding author) |
| Year | 2020 |
| Volume | 27 |
| Issue | 4 |
| Pages | 473-492 |
| Publication date | 2020-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | South African Journal of International Affairs (JOURNAL) |
| Journal identifiers | ISSN: 1022-0461 • E-ISSN: 1938-0275 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/10220461.2020.1856180 |
| OpenAlex | W3119074158 |
| Language | EN |
| Citations received | 1 |
South Africa has experienced slow growth and growing unemployment in recent years. This article argues that the slow growth outcome is in significant part a result of the form of the compromise achieved between government, business and labour at the time of the political settlement in the 1990s. A commitment to open markets for goods, services and capital and a tightly structured labour market resulted in an arrangement where firm owners, government and organised labour are in the words of Sandeep Mahajan, ‘locked in a continual, rambunctious public tussle over the distribution of the rents generated under the system’. A further outcome has been the internationalisation of business and a growing gap between business and the state. The ‘political settlement’ will need to be reconstituted if South Africa is to embark on a growth-oriented employment generating growth path
Development economics · Economic growth · Economic system · Economics · International relations · International trade · Political economy · Political science · Politics · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Innovation and Socioeconomic Development · Law
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |