Contents Preface 1 How South Africa Rejected Political Economy and Progressive Policy: A Personal Journey 1 Introduction 2 From MERG . 3 . through Labour Market Commission . 4 . to NIEP/COSATU and Beyond2 ESOP's Fable: Golden Egg or Sour Grapes? Postscript as Personal Preamble 1 ESOPs and Apartheid 2 Conceptual Issues 3 The Record of ESOP Performance 4 Trade Union Responses 5 Current Implications for South Africa Appendix 1: Summary from EROSA (1989) Appendix 2: Summary from EROSA (1990)3 Defence Expenditure and the Post-apartheid Economy: A Briefing Paper for the ANC Postscript as Personal Preamble Summary of Conclusions and Recommendations 1 Military Expenditure and Economic Development 2 Is South Africa a Military-Industrial Complex? 3 South Africa's Economic Impasse 4 South African Military Expenditure - Any Advantages? 5 The Overwhelming Disadvantages 6 From War on the People to the War Effort to Provide Basic Needs 7 Conversion at the Macro Level 8 Conversion at the Micro Level4 Privatisation and the RDP: A Critical Assessment Postscript as Personal Preamble 1 Introduction 2 Some Theoretical Considerations 3 Privatisation and the Demise of Apartheid 4 What Were the Proposals? 5 First Time - Farce; Second Time - Tragedy 6 Privatisation Is Not Reconstruction 7 Concluding Remarks5 From Equal Pay and Minimum Wages through Public Works to Income Support Postscript as Personal Preamble 1 Propositions Concerning Comparable Worth: Summary 2 Some Notes on Job Creation Programmes 3 Some Rough Notes on Income Maintenance Programmes (IMPs)6 Industrial Policy and South Africa: A Strategic View Postscript as Personal Preamble Presentation of Main Points 1 Introduction 2 Defining Industrial Policy 3 Industrial Strategy 4 Implementation and Monitoring 5 The Macroeconomic Environment 6 Trade Policy7 Vertical Relations in the South African Steel Industry Postscript as Personal Preamble Presentation of Main Points and Policy Recommendations 1 Introduction 2 The Economic Theory of Dumping 3 The Political Economy of Dumping 4 Legal and Administrative Considerations 5 The Imperatives of Coordination 6 The Structures and Dynamics of the World Steel Industry 7 South African Steel in Transition 8 Private and Public Interests in the South African Steel Industry 9 Conclusions and Policy Recommendations8 Privatisation and the Restructuring of State Assets in South Africa: A Strategic View Postscript as Personal Preamble Presentation of Main Points 1 Introduction 2 New Public Sector Economics for Old 3 Origins and Patterns of Privatisation: The African Context 4 Addressing the World Bank 5 Implications for South Africa References Index.