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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Understanding the effects of trade policy reform: the case of South Africa
Author:Roberts, S.ISNI
Year:2000
Periodical:South African Journal of Economics
Volume:68
Issue:4
Pages:607-638
Language:English
Geographic term:South Africa
Subjects:trade policy
industrial exports
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2000.tb01271.x/pdf
Abstract:South Africa has undertaken a far-reaching trade liberalization programme, agreed to under the General Agreement on Tariffs and Trade (GATT) in 1994 and implemented under the World Trade Organization (WTO). The case for South Africa's liberalization was based on the merits of an 'open' or 'outwarded-oriented' economy following the perceived failure of the import substituting approach to industrialization. In general, however, it is far from certain in the presence of pervasive market failures and imperfect competition that industry will respond to the changed incentives under liberalization in the way predicted by orthodox trade theory. This article first evaluates the export success of manufacturing subsectors in South Africa in recent years, then it analyses a measure of net trade performance before assessing changes in employment and production at the subsectoral level. Due to data availability and the tariff rates being levied for the Southern African Customs Union (SACU) as a whole the article uses trade data for SACU. Bibliogr., notes, ref.
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