THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW
Although there is no unanimous consensus on how trade openness affects different economies, the debate around trade openness has received considerable attention in previous studies. In the light of the emerging debates on different aspects of trade openness, this article aims at exploring the dynami...
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Center for Quality, Faculty of Engineering, University of Kragujevac, Serbia
2017-12-01
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Online Access: | http://www.ijqr.net/journal/v11-n4/10.pdf |
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doaj-f815a18831d847378521d8a7db20612c2021-03-02T09:34:25ZengCenter for Quality, Faculty of Engineering, University of Kragujevac, SerbiaInternational Journal for Quality Research1800-64501800-74732017-12-0111488790210.18421/IJQR11.04-10THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEWMalefa Rose Malefane0Nicholas Mbaya Odhiambo1University of South Africa , Department of Economics P.O Box 392, UNISA 0003 Pretoria South AfricaUniversit y of South Africa , Department of Economics P.O Box 392, UNISA 0003 Pretoria South AfricaAlthough there is no unanimous consensus on how trade openness affects different economies, the debate around trade openness has received considerable attention in previous studies. In the light of the emerging debates on different aspects of trade openness, this article aims at exploring the dynamics of trade openness in South Africa. Using an exploratory review approach, this article traces the origins of trade openness in South Africa, covering the country's import substitution regime and the export promotion regime. The findings of this study reveal that South Africa has been economically reformed from an inward-oriented import substitution trade regime into a more open, export-oriented trade regime. However, given the current challenge of fluctuating trade openness in South Africa, the country could in the long-term, seek the expansion of its bilateral trade in the sub-Saharan African region. This could be done by making provisions in South Africa's trade policy that aim at deepening regional trade.http://www.ijqr.net/journal/v11-n4/10.pdftrade opennesstrade policy reformsimport substitutionexport promotionSouth Africa |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Malefa Rose Malefane Nicholas Mbaya Odhiambo |
spellingShingle |
Malefa Rose Malefane Nicholas Mbaya Odhiambo THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW International Journal for Quality Research trade openness trade policy reforms import substitution export promotion South Africa |
author_facet |
Malefa Rose Malefane Nicholas Mbaya Odhiambo |
author_sort |
Malefa Rose Malefane |
title |
THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW |
title_short |
THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW |
title_full |
THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW |
title_fullStr |
THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW |
title_full_unstemmed |
THE DYNAMICS OF TRADE OPENNESS IN SOUTH AFRICA: AN EXPLORATORY REVIEW |
title_sort |
dynamics of trade openness in south africa: an exploratory review |
publisher |
Center for Quality, Faculty of Engineering, University of Kragujevac, Serbia |
series |
International Journal for Quality Research |
issn |
1800-6450 1800-7473 |
publishDate |
2017-12-01 |
description |
Although there is no unanimous consensus on how trade openness affects different economies, the debate around trade openness has received considerable attention in previous studies. In the light of the emerging debates on different aspects of trade openness, this article aims at exploring the dynamics of trade openness in South Africa. Using an exploratory review approach, this article traces the origins of trade openness in South Africa, covering the country's import substitution regime and the export promotion regime. The findings of this study reveal that South Africa has been economically reformed from an inward-oriented import substitution trade regime into a more open, export-oriented trade regime. However, given the current challenge of fluctuating trade openness in South Africa, the country could in the long-term, seek the expansion of its bilateral trade in the sub-Saharan African region. This could be done by making provisions in South Africa's trade policy that aim at deepening regional trade. |
topic |
trade openness trade policy reforms import substitution export promotion South Africa |
url |
http://www.ijqr.net/journal/v11-n4/10.pdf |
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