Against global apartheid : South Africa meets the World Bank, IMF and international finance / Patrick Bond.

Format:

Book

Author/Creator:

Bond, Patrick.

Language:

English

Subjects (All):

South Africa--Foreign economic relations.

South Africa.

International economic relations.

Apartheid.

World Bank.

International Monetary Fund.

Globalization.

International finance.

Physical Description:

xxiv, 326 pages : illustrations ; 22 cm

Edition:

Second edition, updated edition.

Place of Publication:

Lansdowne : University of Cape Town Press ; London ; New York : Zed Books ; New York : Distributed in the USA by Palgrave, 2003.

Summary:

This book is a wide-ranging, lucid and powerfully argued analysis and critique of neoliberal economics as formulated and imposed by the World Bank and IMF on developing countries generally, and Africa and South Africa specifically. It shows the extraordinary economic and human damage these policies have wrought over the past decade and more, and how they have displaced the originally radical and pro-people orientation of the African National Congress when it came to power. Patrick Bond shows how the leadership washed its hands of this political legacy and signed up to Washington-approved policies that have cost the South African people a million jobs, stymied their hopes of sustainable access to housing, water, electricity, health and education, dramatically worsened income inequality, and opened up a dangerous gulf of disillusion between voters and government. The author tracks the debates around these issues. He shows how South African civil society has resisted corporate-dominated globalization in its fight against not only international financial institutions, but also the big pharmaceutical corporations over access to HIV/AIDS drugs. And he argues that there is another way to more socially just and economically rapid development - namely via deglobalization which would entail cutting loose from dependence on global institutions and foreign capital, and locking financial resources down in order to put them to work productively within national boundaries.

Contents:

Part 1 Powers and vulnerabilities 1

Chapter 1 Global crisis, African oppression 3

2. Global crisis, and crisis displacement 4

3. The African crisis continues 17

Chapter 2 Southern African socio-economic conflict 31

2. Origins of the regional proletariat 33

3. Structural socio-economic and environmental decline 39

4. Workers, organisations and class politics 44

5. Capital accumulation and regional visions 48

Chapter 3 Bretton Woods bankrupticies in Southern Africa 54

2. From Bretton Woods to the debt crisis 57

3. Shaping Southern African development 61

4. From projects to policy in Southern Africa 67

Chapter 4 Foreign aid, development and underdevelopment 80

2. Dependency and leverage 81

3. Currency risk on loans 84

4. Civil society expectations 86

5. Attributing blame 87

Part 2 Elite contestation of global governance 91

Chapter 5 The global balance of forces 93

2. The pro-status-quo forces 96

3. Forces for change (?) 104

4. Alliances falter 107

Chapter 6 Ideology and global governance 116

2. Explaining globalisation 119

3. Globalisation's techno-economic fix? 121

4. Ideology and self-interest 127

Chapter 7 Pretoria's global governance strategy 134

2. 'Globalisation made me do it' 135

3. Mbeki v. 'the globalisation of apartheid' 138

4. Towards

or against

'global solidarity'? 146

Part 3 Economic power and the case of HIV/AIDS treatment 153

Chapter 8 Pharmaceutical corporations and US imperialism 154

2. US government pressure points 157

3. Drug companies pressure the US government 166

4. Resistance 170

Chapter 9 Civil society conquest, state failure 177

2. Pharmaceutical pricing and street politics 178

3. A political economy of South African AIDS 179

Part 4 Globalisation?

or internationalism plus the nation state? 191

Chapter 10 The 'Fix-it-or-nix-it' debate 193

2. The World Bank under siege 196

3. Reformers run into trouble 201

4. Strategic divergences on the left 207

5. After the IMF/World Bank have gone: Local/national/regional development finance? 210

Chapter 11 The Third World in the movement for global justice 215

2. The world against Washington 216

3. Lessons of Zapatismo 220

4. Does Africa need Washington? 225

5. South-South-North alliances against global finance/commerce 231

Chapter 12 The case for locking capital down 240

2. Comparative capital controls 243

3. A brief history of South Africa's domestic finance and uneven development 252

4. Exchange control options for South Africa 271

5. Conclusion: From global apartheid to democratised investment 280.

Notes:

Includes bibliographical references and index.

ISBN:

1842773925

1842773933

OCLC:

51944487

Online:

Publisher description