Countries in southern Africa have engaged in a variety of trade liberalisation initiatives such as the European Union (EU)--South Africa Free Trade Agreement (FTA), the EU's 'Everything but Arms' (EBA) initiative to eliminate trade barriers against imports from the least developed countries and...

The paper examines the impact of industrial protection, agricultural export taxes, and overvaluation of the exchange rate on the balance between the agricultural and nonagricultural sectors. Various agricultural terms-of-trade indices are constructed to measure the policy bias against...