Financialisation and the Financial and Economic Crises: The Case of South Africa

Susan Newman
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Susan Newman: University of West England, Bristol

FESSUD studies from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This paper provides an overview of some of the long-run changes in the relationship between the financial and non-financial aggregate sectors of the South African economy. In particular the paper considers the impact of financialisation on capital investment, consumption, inequality and the capital account. The growth trajectory of the apartheid and post-apartheid periods are considered. It is argued that the nature and form of financialisation that has taken placed in South Africa is conditioned by the nature of industrial and financial developments before 1994

Keywords: distribution of income; inequality; finance-dominated capitalism; financialisation; industrial development; South Africa (search for similar items in EconPapers)
Pages: 79 pages
Date: 2014-12-01
New Economics Papers: this item is included in nep-his and nep-pke
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Citations: View citations in EconPapers (8)

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