Sanctioning Apartheid - KORA

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Ann Seidman
In the postwar era, qwkdly after the Shmpville massam
in 1960, tramnational corporations, backed by bank finance,
invested heady in Swth African manufachuhg industries.
They played a major role in transforming South Africa into an
industri9]ized subcenter, strengthening the minority regime's
capacity not only to repress the black majority at home but to
dominab the entire region' The contradictory consequences
rendered South Africa's economy both more capable of nanufacturing
many of its own moderndor requirements and more
exkrdly dependent and vulnerable to international pressures.
Examhation of these contradictory tendencies may canbibute
to insights needed to design more effective sactbns which
the US could impose either unilaterally or in cooperation with
the other developed countries, qecially the HEC and Japan.
merit Reagan's assmthn that the 1986 Congressional
sanctions did not work reflects his own dmhi&ation's refusal
to implement them and utilization of every possible loophole to
reduce their efhdveness.2 Nevertheless, the addition of
prtidar features could enhance their ~veness. Further-