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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Liberalization and Regional Agricultural Trade in Southern Africa
Author:Muir-Leresche, KayISNI
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.
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