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Periodical article | Leiden University catalogue | WorldCat |
Title: | Liberalization and Regional Agricultural Trade in Southern Africa |
Author: | Muir-Leresche, Kay |
Year: | 1993 |
Periodical: | Food Policy |
Volume: | 18 |
Issue: | 4 |
Period: | August |
Pages: | 366-374 |
Language: | English |
Geographic term: | Southern Africa |
Subjects: | economic policy agricultural trade Agriculture, Natural Resources and the Environment Inter-African Relations Economics and Trade Politics and Government |
External link: | https://doi.org/10.1016/0306-9192(93)90056-H |
Abstract: | This paper takes a broad view of the impact of the recent economic and political changes in southern Africa on the future of agriculture generally and agricultural trade in particular. The paper argues that structural adjustment and more open economies will affect regional trade more directly than political changes in South Africa. Despite the political situation, South Africa dominates trade in the region. If devaluation (an essential first step of structural adjustment) is to be effective, an environment of fiscal prudence which fosters competitiveness, improves factor productivity and encourages investment is essential. Active measures may be needed to ensure that the benefits are not narrowly distributed. On the other hand, South African domestic policies have contributed significantly to the existing economic distortions and their removal could increase the opportunities for regional trade and development. Notes, ref., sum. |