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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Globalisation, emerging markets and the South African economy
Author:Loots, ElsabeISNI
Periodical:South African Journal of Economics
Geographic term:South Africa
Subjects:global economy
economic development
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2002.tb01291.x/pdf
Abstract:Over the past three decades, globalization has had a profound impact on economies around the world. In this paper the author looks at its affects on the South African economy as a representative of an emerging market economy. She asks two basic questions. The first, more general query is to what extent do emerging market economies participate in the process at all? The second is to ask specifically how does South Africa participate? To do this globalization has to be quantified and the data thus obtained tested on GDP. Her answer is that South Africa appears to be performing moderately, mainly driven by trade. It does derive some benefit from globalization, from which only a very small number of countries profit to any great extent. In South Africa the relationship between globalization and GDP is 10:1. Bibliogr., notes, ref. [ASC Leiden abstract]