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South African Economic Policy under Democracy$
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Janine Aron, Brian Kahn, and Geeta Kingdon

Print publication date: 2009

Print ISBN-13: 9780199551460

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780199551460.001.0001

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The Evolution and Impact of Industrial and Competition Policies

The Evolution and Impact of Industrial and Competition Policies

(p.211) 8 The Evolution and Impact of Industrial and Competition Policies
South African Economic Policy under Democracy

Anthony Black

Simon Roberts

Oxford University Press

This chapter focuses on industrial policy and performance and on manufacturing industry in particular. It argues that performance since 1994 has been characterized by the perpetuation from the apartheid years of the superior performance of capital-intensive industries, high levels of concentration, and weak competitive rivalry. Industrial policy has been relatively unfocused and in practice has had little impact on the economy's development path, while the privatization and regulation of utilities has also been flawed. Competition policy has been relatively more successful, though major challenges remain.

Keywords:   industrial policy, trade policy, economic policy, competition policy, manufacturing industry, South Africa

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