ISSN:
1467-6435
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Sociology
,
Economics
Notes:
Many advocates of sanctions against South Africa have proposed that such measures will reduce the wealth of white South Africans and thereby raise the costs of apartheid to those who benefit from it by such a large amount that whites will voluntarily choose to terminate the apartheid system. This paper examines the likely effects of disinvestment sanctions on the survivability of apartheid. An ‘interest-group’ model of the South African state is developed, in which apartheid policies are treated as endogenous outcomes of a political decision-making process. The effects of sanctions are introduced through the impact of international capital flows and asset prices on the major interest groups within the white electorate. It is shown that disinvestment policies may not diminish apartheid via market effects, but could have an impact upon the political costs of maintaining apartheid institutions.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-6435.1986.tb00777.x
