South African trade policy matters Trade performance and trade policy*
نویسندگان
چکیده
منابع مشابه
South African Trade Policy Matters : Trade Performance and Trade Policy
South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external constraint. South Africa developed a comparative advantage in capital-intensive primary and manufactur...
متن کاملNber Working Paper Series South African Trade Policy Matters: Trade Performance and Trade Policy
South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external constraint. South Africa developed a comparative advantage in capital-intensive primary and manufactur...
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This paper shows that free trade reduces the welfare of a small country with unemployment unless the free trade price if the importable falls below the autarky equivalent price. A decline in the price of the importable from the autarky level not only improves the terms of trade but also reduces employment and production in the importable sector. A numerical example illustrates that the autarky ...
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ژورنال
عنوان ژورنال: Economics of Transition
سال: 2008
ISSN: 0967-0750,1468-0351
DOI: 10.1111/j.1468-0351.2008.00338.x