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Neoliberalism and Resistance in South Africa - Economic and Political Coalitions (Hardcover, 1st ed. 2021)
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Neoliberalism and Resistance in South Africa - Economic and Political Coalitions (Hardcover, 1st ed. 2021)
Series: Contemporary African Political Economy
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This book critically examines the persistence of market orthodoxy
in post-apartheid South Africa and the civil society resistance
such policies have generated over a twenty-five-year period. Each
chapter unpacks the key political coalitions and economic dynamics,
domestic as well as global, that have sustained neoliberalism in
the country since the transition to liberal democracy in 1994.
Chapter 1 analyzes the political economy of segregation and
apartheid, as well as the factors that drove the democratic reform
and the African National Congress' (ANC) subsequent abandonment of
redistribution in favor of neoliberal policies. Further chapters
explore the causes and consequences of South Africa's integration
into the global financial markets, the limitations of the
post-apartheid social welfare program, the massive labour strikes
and protests that have erupted throughout the country, and the role
of the IMF and World Bank in policymaking. The final chapters also
examine the political and economic barriers thwarting the emergence
of a viable post-apartheid developmental state, the implications of
monopoly capital and foreign investment for democracy and
development, and the phenomenon of state capture during the Jacob
Zuma Presidency.
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