The pace, nature and impact of trade policy in South Africa in the 1990s

Abstract

The South African economy underwent a gradual process of trade reform in the 1990s. Trade reform, along with other incentives, critically influences the way resources are re-allocated from one sector of the economy to another. The democratic government's commitment to trade reform was an acknowledgement of the major inefficiencies that existed in the South African economy brought about by high levels of protection. The study of trade policy has various elements.