Liberal Prayers: The ANC, COSATU, and the IFIs in Post-Apartheid South Africa Alex Marmar Senior Honors Thesis: International Studies Advisors: Dr. Mark Blyth and Dr. Jane Guyer April 2006
[email protected] 0 Contents Chapter I Introduction…p. 1 Chapter II History and the South African Economy…p. 14 A. The End of Apartheid…p. 14 B. Fundamental Aspects of the South African Economy…p. 16 1. Growth…p. 17 2. Unemployment…p. 21 C. A Creature of Apartheid…p. 21 D. The Current Political Context…p. 23 Chapter III Three Institutions…p. 26 A. COSATU…p. 26 B. The ANC…p. 29 C. The IFIs in South Africa…p. 30 Chapter IV The RDP and Labor’s Short Lived Victory…p. 33 A. COSATU in Transition…p. 37 B. ANC Economics and the RDP…p. 40 C. The IFIs and the Economics of Liberation…p. 42 Chapter V The End of the Financial Rand and the Self Fulfilling Prophesy…p. 46 A. The End of the Financial Rand…p. 48 B. The Effects of International Market Exposure…p. 50 Chapter VI GEAR…p. 61 A. Fashioning GEAR…p. 61 B. GEAR Targets: Quantitative and Ideological…p. 63 C. The Power of Numbers and the Legacy of GEAR…p. 67 D. The Allure of Acceptance?...p. 71 E. Whither GEAR?…p. 73 Chapter VII Privatization: Investor Services and Hot Water…p. 77 A. Context…p. 78 B. International Water Infiltrates the IFIs…p. 81 C. Water Privatization in South Africa: Protest and No Profit…p. 84 1 D. The ANC Rerouted…p.