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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:On the case for 'black economic empowerment' in South Africa
Author:Black, P.A.ISNI
Periodical:South African Journal of Economics
Geographic term:South Africa
economic policy
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2002.tb00061.x/pdf
Abstract:The fact that most South Africans are economically disempowered today can be attributed to a long history of racial discrimination. It is within this context that this paper provides a broad theoretical assessment of the recent strategy proposed to redress historical imbalances in the country, namely the strategy formulated by the Black Economic Empowerment Commission (BEECom, 2001). The BEECom report proposes a broad range of interventions on the part of government. It is possible to argue that the South African economy is a special case, calling for extra measures complementing and even replacing the market mechanism. As such, the BEECom recommendations, like the earlier Reconstruction and Development Programme (RDP), can be justified on equity grounds alone, and perhaps also on efficiency grounds: giving disempowered people better access to markets and institutions may enable them to acquire additional human capital, inter alia by 'learning from doing', thus putting in place the conditions for sustainable economic growth. It can however be questioned whether the type of skills which the BEECom wants to promote are also the skills required for sustainable growth. Bibliogr. [ASC Leiden abstract]