Contents Preface List of Figures, Tables and Boxes 1 South Africa''s Policy Conundrums 1 The Policies and Policymaking that Never Were 2 The Policies that Could Have Been?2 Post-Apartheid Economic Transition as Enigma: the Fate of MERG Postscript as Personal Preamble 1 Introduction 2 Demystifying MERG 3 How Much Did Policy and Policy Making Change? 4 Reflecting on the Transition3 Revisiting Apartheid Political Economy Postscript as Personal Preamble 1 Introduction 2 From Disjuncture to Integration but Always Heterogeneity 3 Industrial Policy Is as Industrial Policy Does4 The Role and Influence of the IMF on Economic Policy in South Africa''s Transition to Democracy: the 1993 CCFF Revisited Postscript as Personal Preamble The Loan not Taken - The IMF, Innocent as Accused5 Context and Contest in South African Education Policy: Comment on Curtin Postscript as Personal Preamble 1 Introduction 2 Universal Education in South Africa 3 Masterplans and Social Actors 4 User Charges and Education Policy in Transition 5 Human Capital Theory Appendix6 "Politics and Economics in ANC Economic Policy": an Alternative Assessment Postscript as Personal Preamble 1 Apologetics, Polemics and Scholarship 2 Methodological Considerations 3 Theoretical Doubts 4 Interpretation and Missing Evidence 5 Future Prospects7 Flexible Production and Flexible Theory: the Case of South Africa Postscript as Personal Preamble 1 Introduction 2 A Few Theoretical Reconsiderations 3 The South African Economy and the Minerals-Energy Complex 4 Flec-Spec''s Intellectual Origins 5 Concluding Remarks8 A Sustainable Macroeconomic Growth Path for South Africa? Postscript as Personal Preamble 1 Introduction 2 The Economy on the Eve of Democratic Elections 3 The Economic Policy of the GNU 4 The Economy between Elections 5 Time for a Re-Think? 6 A Framework for an Alternative Macroeconomic Policy 7 Conclusion9 Submission to the COSATU Panel of Economists on "The Final Recommendations of the International Panel on Growth" (the Harvard Panel) Postscript as Personal Preamble 1 Introductory Remarks 2 Policy Initiatives Appendix10 Rejoinder to "A Response to Fine''s ''Harvard Group Shores Up Shoddy Governance''" Postscript as Personal Preamble 1 Introduction 2 Overlooking Industrial Policy 3 Underplaying Finance, Investment, Employment and Growth 4 Closing Remark11 Assessing South Africa''s New Growth Path: Framework for Change? Postscript as Personal Preamble 1 Foreword 2 New Growth Path for Old? 3 From Tradeoffs to Capital Flight 4 Financialisation Meets the MEC 5 Lessons from China . 6 . To Developmental State 7 Twixt Politics and Policies 8 Concluding Remarks12 Chronicle of a Developmental Transformation Foretold: South Africa''s National Development Plan in Hindsight Postscript as Personal Preamble 1 Introduction 2 From the Camel''s Back to the Elephant in the Room 3 Twenty Years of Insolitude 4 From the Goose to the Monkey, via the Dragon 5 The MEC: from Albatross to Dead Duck 6 Resurrecting the Dodo Scenario? Appendix13 The Political Economy of Restructuring South Africa: from MERG to PERSA Postscript as Personal Preamble 1 Parading the Problem of Inequality . 2 Government: Part of the Solution or Part of the Problem? 3 Critical Alternatives - Framing the Problems Correctly 4 A Brief Look at Some South African Peculiarities 5 Finance Is Not Delivering . 6 . Nor Are the Minerals-Energy Complex and New Black Elite Delivering 7 Financialisation on a Global Scale . 8 South Africa''s Financial Elephant in the Room . 9 .

And Illegal Capital Flight 10 Macroeconomic Success? 11 And the Specificities of South Africa - the MEC 12 The Rise of a New Elite 13 Towards Alternatives 14 From the ''Economic'' to the ''Social'' References Index.