South African Small Business Growth through Interfirm Linkages

......................................................................................................................III TABLE OF CONTENTS ..................................................................................................... IV LIST OF TABLES ........................................................................................................... XIX PREFACE ...................................................................................................................... XXI CHAPTER ONE ISSUES REGARDING THE ECONOMIC DEVELOPMENT OF NATIONS ...............................1 Emergence of Development Economics..........................................................................1 Setting the Context.........................................................................................................3 Understanding Underdevelopment ................................................................................7 "Why Isn't the Whole World Developed?" ....................................................................10 Potential for Unequal Growth: The Kuznets Curve ......................................................13 Learning By Doing ......................................................................................................17 CHAPTER TWO A RATIONALE AND CRITIQUE OF STRUCTURAL ADJUSTMENT ....................................21 The Case for Adjustment ..............................................................................................21 The Relevance of Structural Adjustment to South African Development Policy ........... 22 Criticism of Adjustment................................................................................................28 Impact-Based Criticism................................................................................................29 Performance-Based Criticism ......................................................................................30 The Diminished-State Critique.....................................................................................33 The Asian Crisis and Renewed Criticism of World Bank Planning ...............................35 Beyond the Minimalist State.........................................................................................39 CHAPTER THREE STATE POLICY : FROM LEADING TO FACILITATING DEVELOPMENT ...........................42 The Limitations of State Intervention in Economic Planning........................................45 The State as Entrepreneur............................................................................................48 Constraints on Effective SMME Policy in South Africa................................................51