INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA
Öz
As an initiative to transform the economic order of the new democratic government post-1994, Black Economic Empowerment (BEE) was adopted as a strategy to include those who were marginalised by apartheid, in South Africa. However, an evaluation of the BEE strategy indicates that macro-economic implications of the strategy are still not making the socio-economic impact it ought to have had in the third decade into democracy.
Current research indicates that a serious reconceptualization and reformulation of the streategy is required in order to reach a more accurate and favorable understanding of BEE, and for it to deliver on its initial vision. When the strategy is evaluated from an institutional perspective, it is noted that economic structure, globalisation, administrative weaknesses and quality of management, as well as inadequacies of targeted population are regarded as contributors towards South Africa’s socio-economic landscape which affect the performance of BEE strategy.
This article uses a literature review that evaluates role of the BEE strategy in improving the lot of South Africa’s previously disadvantaged communities. Furthermore, the article aims to analyze the effects of institutional factors on the strategy in a holistic way in order to develop policy recommendations to supplement the current BEE strategy.
Anahtar Kelimeler
Destekleyen Kurum
Proje Numarası
Teşekkür
Kaynakça
- Acemoglu, D. & Robinson. J. (2008). The Role of Institutions in Growth and Development. The International Bank for Reconstruction and Development / The World Bank (On behalf of the Commission on Growth and Development), W. P. No: 10. Accessed on: 6 November 2017. Available at: http://www.rei.unipg.it/rei/article/download/14/22
- African Communist Editorial – ACE. (2017). Inequality is no Longer Just About Race - African Communist. African Communist 1st Quarter 2017, Issue 194. Accessed on: 6 November 2017. Available at: http://www.politicsweb.co.za/opinion/inequality-is-no-longer-just-about-race--african-c
- African National Congress – ANC. (2017). Economic Transformation Discussion Document. Accessed on: 10 February 2018. Available at: http://www.anc.org.za/sites/default/files/National%20Policy%20Conference%202017%20Economic%20Transformation_1.pdf
- Andrews, M. (2008). Is Black Economic Empowerment a South African Growth Catalyst? (Or Could it Be…). Working Paper No. 170, Center For International Development, Harvard University. Accessed on: 10 February 2018. Available at: https://www.innovations.harvard.edu/sites/default/files/2606408.pdf
- Amenta, E & Carruthers, B. G. (1998). The formative Years of US. Social Spending Policies: Theories of The Welfare State And The American States During The Great Depression. American Sociological Review. 53(5):661-678.
- Antonio, R. & Kellner, D. (No date). Modernity, Modern Social Theory, and the Postmodern Critique. Accessed on: 10 October 2017. Available at: https://pages.gseis.ucla.edu/faculty/kellner/essays/modsoctheory80s.pdf.
- Bernstein, A., Kadt, J., Roodt, M. & Schirmer, S. (2014). South Africa and the Pursuit of Inclusive Growth, Democracy Works. Country Report. The Centre for Development and Enterprise & The Legatum Institute. Accessed on: 15 January 2018. Available at: http://www.cde.org.za/wp-content/uploads/2014/04/democracy-works---south-africa-country-report---south-africa-and-the-pursuit-of-inclusive-growth-pdf-.pdf
- Bernstein, H. (2013). Commercial Agriculture in South Africa Since 1994: ‘Natural, Simply Capitalism’. Journal of Agrarian Change. 13(1): 23–46.
Ayrıntılar
Birincil Dil
İngilizce
Konular
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Bölüm
Araştırma Makalesi
Yazarlar
Şenol Öztürk
*
0000-0002-0124-3130
Türkiye
D B Jarbandhan
Bu kişi benim
0000-0003-2707-5777
South Africa
Yayımlanma Tarihi
15 Ocak 2020
Gönderilme Tarihi
31 Ekim 2019
Kabul Tarihi
13 Ocak 2020
Yayımlandığı Sayı
Yıl 2020 Cilt: 3 Sayı: 1