Description: Wealth Doesn't Trickle DownThe Case for a Developmental State in South Africa Author(s): Ben Turok Format: Paperback Publisher: Institute for African Alternatives and the Africa Institite, South Africa Imprint: Institute for African Alternatives and the Africa Institite ISBN-13: 9780620409711, 978-0620409711 Synopsis No matter how strongly the IMF and World Bank advise that a country's salvation lies in economic growth, experience in developing countries is that wealth does not trickle down. When growth comes from the developed sector of the economy, it benefits the rich and simply does not reach the poor majority. Conditions in South Africa show the same outcome. Fourteen years after the ANC came to power; the South African unemployment rate of 24 percent is more than twice that of the next country on the list compiled by the Economist. Poverty is so prevalent that welfare grants are a desperate remedy in this "budget surplus" economy. No One denies that inequality is rising. All of this flies in the face of the Freedom Charter's declaration that sharing would be the guiding principle for a democratic South Africa. This title is the result of a high level seminar convened to draw together the threads of a vigorous national debate on the role of the State in socio-economic development. Hosted by the Minister of Provincial and Local Government, it was attended by top leaders and officials of the State, Parastatal Development Organizations and Academic Institutions. Although the prominence of the "developmental state" idea at the ANC policy and national conferences of 2007 has been met with concern in business circles as a "victory of the left", the papers here make a case that rests fat more.
Price: 11.98 GBP
Location: Aldershot
End Time: 2025-01-08T09:24:08.000Z
Shipping Cost: 20.43 GBP
Product Images
Item Specifics
Return postage will be paid by: Buyer
Returns Accepted: Returns Accepted
After receiving the item, your buyer should cancel the purchase within: 60 days
Return policy details:
Book Title: Wealth Doesn't Trickle Down
Number of Pages: 256 Pages
Publication Name: Wealth Doesn't Trickle Down: the Case for a Developmental State in South Africa
Language: English
Publisher: Institute for African Alternatives AND T.H.E. Africa Institite
Item Height: 214 mm
Subject: Economics
Publication Year: 2009
Type: Textbook
Item Weight: 286 g
Author: Ben Turok
Item Width: 136 mm
Format: Paperback
