The Evolution and Impact of Industrial and Competition Policies
This chapter focuses on industrial policy and performance and on manufacturing industry in particular. It argues that performance since 1994 has been characterized by the perpetuation from the apartheid years of the superior performance of capital-intensive industries, high levels of concentration, and weak competitive rivalry. Industrial policy has been relatively unfocused and in practice has had little impact on the economy's development path, while the privatization and regulation of utilities has also been flawed. Competition policy has been relatively more successful, though major challenges remain.
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