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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The South African Trade Control System and neighbouring states
Author:Cobbe, James H.
Periodical:South African Journal of Economics
Geographic terms:South Africa
Swaziland - Eswatini
Subjects:import restrictions
foreign exchange
External link:https://doi.org/10.1111/j.1813-6982.1974.tb00418.x
Abstract:In his paper, 'Import Restrictions and Exchange Rates' (S. Afr. Jl. of Econ., 42(1974), 1, p. 25-42), Desmond Lachman, following the standard neoclassical analysis of Little, Scitovsky, and Scott (and others), has convincingly argued that the continued reliance since 1948 of the Republic of South Africa on a restrictive trade regime largely based on administrative allocation of import licences, has been a high-cost industrialization strategy for South Africa, and is likely to become increasing ly so if it is maintained. However, Lachman makes no mention of the effects of this policy on the other members of the Southern African Customs Union, namely Botswana, Lesotho, and Swaziland. Cobbe suggests briefly some of the effects this policy may have had on these small and under-developed territories adjacent to RSA. Notes.