African Studies Institute - Seminar Papers

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19881

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Author: search.filters.author.Moll, TerenceSubject: search.filters.subject.Apartheid. Economic aspects. South Africa

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    Mishap or crisis? The apartheid economy's recent record in historical perspective
    (1988-06) Moll, Terence
    The South African economy has performed poorly in recent years. One line of interpretation views this poor performance as a severe and unfortunate cyclical downswing from which the economy is slowly recovering. Another by contrast regards it as symptomatic of an economic crisis; many variations between these views can be found. This is of course an ideologically-loaded issue since the 'mishap' position is associated with the South African government and the 'crisis' view with its left-wing opponents who foresee national economic recovery only once significant economic and political restructuring of society has taken place. I shall begin by describing the recent economic record of South Africa in its post-War context, and draw out some causes of the current decline. I will then consider whether the causes of decline are temporary/cyclical or long-term, whether they are likely to weaken or worsen, and how the decline as a whole should be characterised.