Effective institutions are not only important in determining the success or failure of economic development but they are significant in shaping economic policy while exerting discipline on government via institutionalised checks and balances to secure a consistent implementation of economic policy measures. This is an important theme in Good capitalism, bad capitalism: The role of business in South Africa. The book analyses the role and voice of business in achieving affective policy outcomes in South Africa. It covers the past and present role of organised business in achieving such outcomes to secure successful economic development within the context of good capitalism where successful institutions secure widespread participation of the population in an inclusive economy. Failure in achieving such outcomes is detrimental to economic development and could be labelled bad capitalism as outlined on pp. 155–156. The history of these successes and failures is analysed within the context of political economy. This particular perspective is an important contribution to the South African political economy literature. Although the narrative of good and bad capitalism serves the exposition well, it should, nevertheless, be kept in mind that despite a liberal constitution and market-related economic institutions, our economic system is not a capitalist one. It is a developmental state and one with a poor delivery capacity as implemented by the post-Mandela African National Congress (ANC) governments (see for instance p. 124). In essence, good governance is presented as a critical element in the exposition. The book uncovers the role of organised business in securing or failing in promoting good policy governance.

中文翻译：

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好的资本主义与坏的资本主义：回顾

有效的制度不仅在确定经济发展的成败方面很重要，而且在制定经济政策时也很重要，同时通过制度化的制衡和对政府施加纪律以确保经济政策措施的持续实施。这是“好资本主义，坏资本主义：企业在南非中的作用”中的一个重要主题。该书分析了企业在南非取得有效政策成果方面的作用和声音。它涵盖了有组织的企业在实现此类结果以确保良好的资本主义背景下成功的经济发展方面的过去和现在的作用，在这种背景下，成功的机构可以确保人口广泛参与包容性经济。未能实现这样的结果不利于经济发展，如第155-156页所述，可被标记为不良资本主义。在政治经济学的背景下分析了这些成功和失败的历史。这种特殊的观点是对南非政治经济学文献的重要贡献。尽管好和坏资本主义的叙述很好地说明了这一点，但应牢记，尽管有自由的宪法和与市场有关的经济体制，但我们的经济体系不是资本主义体系。这是一个发展中的国家，而交付能力却很差，这是由曼德拉后的非洲人国民大会（ANC）政府实施的（例如参见第124页）。本质上，善治被视为博览会中的关键要素。