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Financialization of the South African Economy

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  • Seeraj Mohamed

    (Parliamentary Budget Office)

Abstract

This article discusses important aspects of the financialization of the South African economy during the post-apartheid period. The growth of the financial services sector and financialization of the economy has led to misallocation of capital within the economy that has hindered much needed structural economic change. The lack of structural change has led to an inability to deal with socio-economic legacies of colonialism and apartheid related to very high levels of inequality, poverty and unemployment.

Suggested Citation

  • Seeraj Mohamed, 2016. "Financialization of the South African Economy," Development, Palgrave Macmillan;Society for International Deveopment, vol. 59(1), pages 137-142, June.
    • Handle: RePEc:pal:develp:v:59:y:2016:i:1:d:10.1057_s41301-017-0065-1
    DOI: 10.1057/s41301-017-0065-1
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    References listed on IDEAS

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    1. Ozgür Orhangazi, 2008. "Financialisation and capital accumulation in the non-financial corporate sector:," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(6), pages 863-886, November.
    2. Engelbert Stockhammer, 2004. "Financialisation and the slowdown of accumulation," Cambridge Journal of Economics, Oxford University Press, vol. 28(5), pages 719-741, September.
    3. Andrea E. Goldstein, 2001. "Business Governance in Brazil and South Africa: How Much Convergence to The Anglo-Saxon Model?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 21(2), pages 185-205.
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