Chapter

The Evolution and Impact of Industrial and Competition Policies

Anthony Black and Simon Roberts

in South African Economic Policy under Democracy

Published in print March 2009 | ISBN: 9780199551460
Published online May 2009 | e-ISBN: 9780191720376 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199551460.003.0008
The Evolution and Impact of Industrial and Competition Policies

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This chapter focuses on industrial policy and performance and on manufacturing industry in particular. It argues that performance since 1994 has been characterized by the perpetuation from the apartheid years of the superior performance of capital-intensive industries, high levels of concentration, and weak competitive rivalry. Industrial policy has been relatively unfocused and in practice has had little impact on the economy's development path, while the privatization and regulation of utilities has also been flawed. Competition policy has been relatively more successful, though major challenges remain.

Keywords: industrial policy; trade policy; economic policy; competition policy; manufacturing industry; South Africa

Chapter.  13591 words.  Illustrated.

Subjects: Public Economics

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