South African Managed Trade Policy

South African Managed Trade Policy

by Graham Davis
     
 

Since 1925, import substitution programs have diverted South Africa's mineral revenues away from efficient investments and into the creation of an uncompetitive manufacturing sector. Protection has recently been augmented by a General Export Incentive Scheme that was designed to increase manufacturing exports. A multisector general equilibrium analysis shows the

Overview

Since 1925, import substitution programs have diverted South Africa's mineral revenues away from efficient investments and into the creation of an uncompetitive manufacturing sector. Protection has recently been augmented by a General Export Incentive Scheme that was designed to increase manufacturing exports. A multisector general equilibrium analysis shows the export scheme is highly complex with unusual and undesirable structural effects, seeming little more than a continuation of social engineering of the past. This work provides a definitive analysis of past and present South African trade policy, using a methodology of interest to other trade and development researchers operating in similarly spare informational environments.

Editorial Reviews

Booknews
Davis (mineral economics, Colorado School of Mines) investigates the premise that managed trade policy is necessary, and measures South Africa's factor endowments to indicate what the country's natural level of manufacturing exports might be. Provides a review of the trade policy debate and the history of managed trade in South Africa, and covers the General Export Incentive Scheme, the neo-liberal policy position, and the generalized law of comparative advantage. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780275948146
Publisher:
ABC-CLIO, Incorporated
Publication date:
05/25/1994
Pages:
168
Product dimensions:
6.14(w) x 9.21(h) x 0.44(d)
Lexile:
1590L (what's this?)

Meet the Author

GRAHAM A. DAVIS is Assistant Professor in the Mineral Economics Department at the Colorado School of Mines. Dr. Davis has lived and taught in South Africa.

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