Formulating the African National Congress' foreign investment policy in the transition to a post-apartheid South Africa: problems, pressures and constraints

Carim, Xavier

Title: Formulating the African National Congress' foreign investment policy in the transition to a post-apartheid South Africa: problems, pressures and constraints
Creator: Carim, Xavier
Subject: Investments, Foreign -- South Africa
Subject: Political stability -- South Africa
Subject: African National Congress -- Foreign economic relations
Subject: South Africa -- Foreign economic relations
Subject: South Africa -- Economic policy
Subject: South Africa -- Economic conditions -- 1991-
Date Issued: 1995
Date: 1995
Type: Thesis
Type: Masters
Type: MA
Identifier: vital:2764
Identifier: http://hdl.handle.net/10962/d1002974
Identifier: Investments, Foreign -- South Africa
Identifier: Political stability -- South Africa
Identifier: African National Congress -- Foreign economic relations
Identifier: South Africa -- Foreign economic relations
Identifier: South Africa -- Economic policy
Identifier: South Africa -- Economic conditions -- 1991-
Description: This study examines the wide-ranging and critical factors which have impacted on the African National Congress' (ANC) emerging foreign investment policy. It identifies and analyses the matrix of political and socio-economic factors which have combined at global and national levels to shape ANC policy perspectives towards foreign direct investment (FDI). In so doing, the study adopts an eclectic theoretical and methodological approach. It draws on various theoretical traditions to propose a framework that is heuristic and contingent, rather than axiomatic. With regard to foreign investment, in particular, it recommends a theoretical pluralism emphasising 'engagement' through praxis and sound political (state) action. The study argues that the ANC has reconsidered many of its basic assumptions on the nature of the post-apartheid economy and discusses the reasons for those shifts. The reasons include, in particular, global political and economic trends and the balance of forces in South Africa. These have combined to ensure the ANC's broad acceptance of an 'open-door policy' towards FDI so long as it occurs on terms not inconsistent with national objectives. The emerging policy sees the state playing an active role in encouraging and guiding FDI to specific areas and sectors supportive of broad-based development. Foreign investors will be encouraged to form joint ventures with emerging black businesses and agree to foster training, skills development and affirmative action. Harnessing the benefits of FDI will be important for the success of wider strategies designed to place the economy on a firmer, more sustainable growth path.
Format: 164 pages
Format: pdf
Publisher: Rhodes University
Publisher: Faculty of Humanities, Political Studies
Language: English
Rights: Carim, Xavier

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