Assignment:

Flowing from the concept of the social contract is the view that institutions matter to the objective of development. However, it can be argued that the organisation and distribution of power, both globally and domestically, influence the development of these institutions. The relationship between society and structures of power can be seen either fatalistically (nothing can be done) or positively (there is space for productive engagement with power).

1. Background and Introduction
2. Using South Africa as a context, critically review the opportunities for socially valuable forms of development.

3. Social policy and the role of the state in development

• The role of social cohesion in development
• The role of the state in delivering social cohesion and development
• Social policy strategies necessary for the achievement of inclusive development

4. The political economy approach to development

• Markets, neoliberalism, and global financial flows.
• Value chains, control of corporations, and retailers
• Extraction, FDI and resource wars.
• Global think tanks, rating agencies, the World Bank and IMF

5. Conclusion

6. References (APA)