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Prospects for the Development of a Black Business Class in South Africa

Published online by Cambridge University Press:  11 November 2008

Duncan James Randall
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Extract

The growth of business classes in Africa has attracted much interest since the 1980s when, in the context of severe economic malaise, the impact of the state on development was subjected to critical reappraisal.1 Out of this emerged a consensus that the abysmal economic record of the 1960s and 1970s could, to a large degree, be ascribed to the debilitating effect of an overstretched and swollen state. Official development thinking took this argument the furthest: at the core of the problem, it was asserted, was the expansion of the state's rôle from the preferred minimalist function of providing the legal and macro-economic regulatory framework for capital accumulation, to a more profound intervention in the productive process. As a remedy, the state would have to be restrained from usurping the primary rôle which the market's invisible hand ought to be playing.2

Type
Articles
Information
The Journal of Modern African Studies , Volume 34 , Issue 4 , December 1996 , pp. 661 - 686
Copyright
Copyright © Cambridge University Press 1996

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References

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72 Davis, Gaye, ‘Politicians Opt to Police Themselves’, in The Weekly Mail and Guardian, 29 09–5 10 1995,Google Scholar and ‘How Good is Our Code of Conduct?’, in ibid. 31 May–6 June 1996.

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