South African Managed Trade Policy - The Wasting of a Mineral Endowment

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.

List of contents

Acknowledgments
List of Illustrations
Introduction
A Brief Review of the Trade Policy Debate
The History of Managed Trade in South Africa
A New Trade Policy: Out of the Pan and into the Fire
The General Export Incentive Scheme
The Regional Effects of the GEIS
Delimiting the Theory of Comparative Advantage: South Africa's Heckscher-Ohlin Goods
A Search for Unexploited Comparative Advantage in South African H-O Manufactures
The Empty Economics in South Africa's Industrial Policy
Summary and Conclusions
Appendix A: The General Export Incentive Scheme (GEIS)
Works Cited
Index

About the author

Graham A. Davis

Product details

• Authors: Graham A. Davis, Davis Graham A.
• Publisher: Bloomsbury
• Languages: English
• Product format: Hardback
• Released: 25.05.1994
• EAN: 9780275948146
• ISBN: 978-0-275-94814-6
• Subjects: Social sciences, law, business > Business > International economy; BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Distribution, Republic of South Africa, Later 20th century c 1950 to c 1999, c 1938 to c 1946 (World War Two period), c 1919 to c 1939 (Inter-war period), c 1939 to c 1945 (including WW2), c 1918 to c 1939 (Inter-war period), Mining Industry, International Trade, c 1945 to c 2000 (Post-war period), Retail and wholesale industries, International trade and commerce, Distributive industries, ECONOMICS: INTERNATIONAL, Extractive industries