This book argues that South Africa experienced extensive periods of trade liberalisation in the 1970s and 1980s. It discusses the libertarian analysis of state failure, particularly the libertarian argument that market failures are less serious an...
Introduction, Merle Lipton and Charles Simkins; false antithesis - the dispute about the market and the state, Kenneth Hughes; should South Africa further liberalize its foreign trade?, Trevor Bell; should South Africa parastatals be privatized?, W. Duncan Reekie; should the state attempt to reshape South Africa's corporate and financial structures?, Jos Gerson; the role of the state in promoting industrialization - selective intervention, trade orientation and concessionary industrial finance, Anthony Black; macroeconomic policy in turbulent times, Terence Moll; basic needs and social policy - the role of the state in education, health and welfare, Andrew R. Donaldson; state, market and urban development in South Africa, C. Simkins; restructuring South African agriculture, M. Lipton; black small farmers in the homelands - economic prospects and policies, Norman Bromberger and Francis Antonie.