Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi

Yazarlar: Şenol ÖZTÜRK, D B JARBANDHAN

Konular:Sosyal Bilimler, Disiplinler Arası

Anahtar Kelimeler:Black economic empowerment,BEE,South Africa,Institutional Theory

Özet: As an initiative to transform the economic order of the new democratic government post-1994, Black Economic Empowerment (BEE) was adopted as a strategy to include those who were marginalised by apartheid, in South Africa.   However, an evaluation of the BEE strategy indicates that macro-economic implications of the strategy are still not making the socio-economic impact it ought to have had in the third decade into democracy. Current research indicates that a serious   reconceptualization and reformulation of the streategy is required in order to reach a more accurate and favorable understanding of BEE, and for it to deliver on its initial vision. When the strategy is evaluated from an institutional perspective, it is noted that economic structure, globalisation, administrative weaknesses and quality of management, as well as inadequacies of targeted population are regarded as contributors towards South Africa’s socio-economic landscape which affect the performance of BEE strategy. This article uses a literature review that evaluates role of the BEE strategy in improving the lot of South Africa’s previously disadvantaged communities.  Furthermore, the article aims to analyze the effects of institutional factors on the strategy in a holistic way in order to develop policy recommendations to supplement the current BEE strategy.

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