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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Key issues in the South African economic transformation process
Author:Makgetlaneng, SehlareISNI
Periodical:Politeia: Journal for Political Science and Public Administration
Geographic term:South Africa
Subjects:economic dependence
economic policy
External link:http://www.unisa.ac.za/contents/publications/docs/polit192.pdf
Abstract:In transforming South Africa's economy, the primacy of internal over external factors and the content of the relationship between the South African economy and imperialism are of crucial importance. Given the fact that the South African economy is highly open, the transformation of South Africa's international economic relations is a key issue. The call for the South African manufacturing industry to be internationally competitive is structurally bound to fail. Rather, production for the internal market must replace production for export as the basis of the national economy. Exports must become an extension of production for internal use. The struggle for South African economic liberation is the struggle to transform the content of South Africa's dependent capital accumulation process from being determined to a great extent by South Africa's external relationships with the imperialist countries. Instead, South Africa's economy must be primarily articulated to national needs and demands and its external relationships with the imperialist countries subject to the dynamics of the internal independent accumulation process. Bibliogr., sum.