Linking IDC finance to structural transformation and inclusivity in post-apartheid South Africa

Goga, Sumayya; Bosiu, Teboho; Bell, Jason

doi:10.1080/0376835x.2019.1696181

Cited by 9 publications

(28 citation statements)

References 17 publications

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“…Surprisingly, the social sustainability cluster is not well-connected with the industrial policy cluster (bigger green cluster at the top of the figure). Only one study [78] links the economic complexity [54] and industrial policy [37] clusters directly. The green cluster is led by Rodrik's green industrial policy study [21] and the innovation policy study of Mazzucato [37].…”

Section: Network Analysismentioning

confidence: 99%

Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review

et al. 2021

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Research on economic diversification and complexity has made significant advances in understanding economic development processes, but has only recently explored environmental and social sustainability considerations. In this article we evaluate the current state of this emerging literature and reveal 13 research gaps. A total of 35 different keywords and methods from structured literature reviews and network science helped to identify 374 scientific articles between 1988 and 2020 and revealed a fragmented research landscape around three larger network communities: (1) industrial policies, climate change, and green growth; (2) economic complexity and its association with inequality and environmental sustainability; and (3) economic diversification, including studies on livelihood diversification in poor areas. Economic complexity research applies new empirical methods and considers both social and environmental sustainability, but seldom scrutinizes theory and policy. Industrial policy research focuses on green growth policies but tends to omit social sustainability issues and advanced empirical methods. Research on economic diversification in poor regions provides insights on the livelihood diversification of farmers, but is disconnected from the economic complexity and industrial policy research. This review helps to summarize the main contributions and shows pathways for potential mutual learning between these communities for the sake of sustainable development.

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Section: Network Analysismentioning

confidence: 99%

Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review

et al. 2021

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“…Since the introduction of the NIPF, the IDC has raised its levels of disbursements. However, its ability to provide long-term concessional funding has been constrained by limited access to low-cost funding streams, in the face of rising costs of capital (Goga et al, 2019), that have been the lifeblood of successful development banks elsewhere in the world (Griffith-Jones and Ocampo, 2018).…”

Section: Phase 3: Industrial Policy-formally Embraced Undermined In Practicementioning

confidence: 99%

“…In terms of technology infrastructure, there are differences among the local subsidiaries of multinational corporations (MNCs), local small and medium-sized firms, and large domestic firms. Local subsidiaries of MNCs tended to have newer machines, their own tool rooms, and were already using technologies linked to the fourth industrial revolution, with some degree of technology adaptation taking place in the domestic production facilities (Bell et al, 2019). However, strategies for technological upgrading are developed in the home countries and most research and development occurs in the MNCs' headquarters abroad.…”

Section: The State Of Technology Infrastructurementioning

confidence: 99%

“…The large domestic firms were also relatively up to date in terms of technology used, had their own tool rooms, and some degree of R&D that was mainly focused on adaptation. In contrast, the small and medium-sized firms (SMEs) had little engagement with technology changes, the firms tended not to have tool rooms, and had no formal R&D activity (Bell et al, 2019). Regarding age of machinery, South African firms had machines with an average age of around eighteen years which is old compared to the norm of replacing machinery after seven to ten years of use (Bell et al, 2019).…”

Section: The State Of Technology Infrastructurementioning

confidence: 99%

“…South African firms appear to be shifting towards the use of Chinese machines, as they are relatively cheaper. In 1994, 60 per cent of imports of moulding machinery were from Europe, while in 2018 the bulk of moulding machines (55 per cent) were coming from China (Bell et al, 2019), with the change largely driven by cost differences. South African firms also have a far lower propensity to invest in R&D, opting for short-term solutions to problems rather than investing time and resources into building strong R&D capabilities as the Thai firms do (Garisch, 2016).…”

Section: The State Of Technology Infrastructurementioning

confidence: 99%

See 2 more Smart Citations

Structural Transformation in South Africa

Andreoni¹,

Mondliwa²,

Roberts³

et al. 2021

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Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries. Detailed analyses of industry groupings and interests in South Africa reveal the complex set of interlocking country-specific factors which have hampered structural transformation over several decades, but also the emerging productive areas and opportunities for structural change. The structural transformation trajectory of South Africa presents a unique country case, given its industrial structure, concentration, and highly internationalized economy, as well as the objective of black economic empowerment. The book links these micro-meso dynamics to the global forces driving economic, institutional, and social change. These include digital industrialization, global value-chain consolidation, financialization, and environmental and other sustainability challenges which are reshaping structural transformation dynamics across middle-income countries like South Africa. While these new drivers of change are disrupting existing industries and interests in some areas, in others they are reinforcing existing trends and configurations of power. The book analyses the ways in which both the domestic and global drivers of structural transformation shape—and, in some cases, are shaped by—a country’s political settlement and its evolution. By focusing on the political economy of structural transformation, the book disentangles the specific dynamics underlying the South African experience of the middle-income country conundrum. In so doing, it brings to light the broader challenges faced by similar countries in achieving structural transformation via industrial policies.

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COVID-19 and Beyond: Rethinking Industrial and Competition Policy

Robb

Vilakazi

2022

International Political Economy Series

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Linking IDC finance to structural transformation and inclusivity in post-apartheid South Africa

Cited by 9 publications

References 17 publications

Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review

Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review

Structural Transformation in South Africa

COVID-19 and Beyond: Rethinking Industrial and Competition Policy

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