A striking feature of South Africa`s trade liberalisation is that, until 1995, it did not involve any import liberalisation. The focus of earlier liberalisation was the reduction of anti-export bias, and, on the import side, the replacement of QRs with equivalent tariffs and other duties. This...

A fundamental macroeconomic problem in Zimbabwe is that the sum of public-sector projects is greater than the resources available to finance them. The government`s difficulty in discerning the macroeconomic limitations on new initiatives was greatly increased by the unusual circumstances of the...

Following the end of apartheid and the holding of multi-party elections in 1994, South Africa embarked on new economic and trade reforms and is now rapidly re-integrating its economy into the multilateral trading system. South Africa is by far the largest trading partner in both the Southern...

Skålnes, Tor The Politics of Economics Reform in Zimbabwe, Continuity and Change in Development Copyright Blackwell Publishers Ltd 1997.

The received wisdom about investment in Zimbabwe is that foreign exchange shortages were the key constraint on private capital formation, and that uncertainty about political developments, price controls and government policy with respect to labor have also discouraged investment. A model of...

During the 1980s the potential instability of Zimbabwe's unsustainably high budget deficit was reduced by the smooth transfer of resources from the private to the public sector via the domestic financial system, which affected private demand for financial assets. Import, exchange and price...