Engaging the bretton woods institutions: Policy implications for South Africa

Abstract

In developing countries there is widespread antipathy to the generalised prescriptions of the International Monetary Fund, the World Bank and the General Agreement on Tariffs and Trade. Nevertheless, these institutions are gaining in prominence, and all developing countries, South Africa included, must come to terms with a global economy increasingly shaped by them. This means both engaging these institutions to minimise drawbacks in the relation and exploiting opportunities in the emerging global system.

Notes

Research Fellow, Centre for Southern African Studies, University of the Western Cape.