Industrial policy

Trade and industrial policies in the new South Africa

Upphovsperson:	Moritz, Lena
Utgivare:	Nordiska Afrikainstitutet | Uppsala : Nordiska Afrikainstitutet
År:	1994
Ämnesord:	South Africa, Southern Africa, Trade, Foreign trade policy, Industrial policy, Export planning, Small enterprises, Medium enterprises, Economic conditions, Business and economics, Ekonomi

To achieve economic growth, South Africa aims at a more outward-oriented economic framework. However, as is discussed in the study, the transition to a more outward-oriented economy is made difficult by the constraints created by past industrial policies. Protectionism, the apartheid system, and other regulations have contributed to a generally, noncompetitive manufacturing sector, a weak macroeconomic position, and distorted factor markets. Social unrest compounds the problem, as does lack of skill and capital.