Inter-industry trade and foreign trade are usually not based on cash transactions; rather sales on credit are the rule. The resulting monitoring costs for lenders and the risk of default on accounts receivable form an additional part of transaction costs in trade. Export credit certainly faces...

The present thesis examines the trade structure of South Africa as well as the impact of this structure on (un)employment. The starting point of this work is a descriptive analysis of the South African trade structure. Besides a general discussion, the thesis elaborates on structural differences...