Magister Legum - LLM / The aim of this research was to examine the trade policies designed by the World Trade Organization to minimise poverty levels in developing countries through trade liberalization. / South Africa

The decade following the close of the Second World War has been dominated throughout by the clash of political power of the United States and the Soviet Union. Their wartime alliance has crumbled. New, antagonistic alliances have come into existence. The so-called 'EastWest' split, polar in its effect, has forced the admission that prospects of stable peace depend on how successfully bridges can be made to span the gulf. This over-riding and pervading reality has blinded us to the importance of another struggle, which is everywhere mounting in force and intensity and which history may well record as a dominant theme of the twentieth century -- the world-wide struggle for independence. In some cases it has produced revolution and violence: full-scale wars have been fought in its cause in Indonesia and Indo-China; military engagements have taken place in Kenya and Tunisia; Cypriots and British garrison forces have exchanged fire; Malayans have rioted; and 'incidents' too numerous to detail have been reported from a great variety of countries where political dependence exists. Intro., p. 1.

The debt-for democracy hypothesis is that undemocratic governments were largely responsible for not only the accumulation but also poor management of externally sourced capital resources. External borrowing had therefore failed to lead to growth of the economies of debtor countries under undemocratic political leadership. Despite this explanation of the debt problem conventional empirical analyses of the debt-growth relationship did not include political institutional variables. This study investigates the relationship between democratization and debt-led growth, using Nigeria, a typical debtor country whose politics was dominated by 'undemocratic ' governance, as a case study. Two broad research questions are investigated namely, whether available data support a negative or positive contribution of debt to the growth of the Nigeria economy during the period 1970-2000; and ifso was there any link between the levels of democratization in Nigeria and debt-led growth. Using a census of major political events in Nigeria around four dimensions of democratization, four primary indices of democratization and one composite index were constructed for the period. Using the Taylor (1983) marginal conditions to gauge the contribution of external debt to the growth of the Nigerian economy, the study found that external debt is capable of playing a double edged sword on the performance of the economy. Positive contributions coincided with the periods when Nigeria's oil dominated foreign exchange revenues were robust, and/ or when debt management strategies were better articulated and vice versa. The analyses of the link between democratization and debt-led growth using both correlation and regression techniques, yielded different results in two definitional contexts of debt-led growth. When defined purely in terms of the Taylor marginal conditions for a positive contribution of debt to the economy of a borrowing nation, the results support the pessimist view that democratization impeded growth. On the contrary, when debt-led growth was defined in a broader sense to incorporate variables such as domestic savings and investment, foreign direct investments, public and private consumption and debt burden, there was strong evidence that debt-led growth performed beller at higher levels of democratization than other wise. The result using the narrow definition was found to be a direct consequence of the overriding influence of export performance in the Taylor conditions. With Nigeria's exports almost entirely dominated by extractive industry the result derived using the narrow definition confirmed the theoretical links between natural resource endowment and regime type on the one hand, and external capital and the nature of the host country 's industry on the other. In the first resource dependence allowed the political leadership to be more detached and less accountable to the electorate since they did not need to levy taxes. Secondly foreign investors concerned with security of their sunk investments in the extractive oil induslly in particular favoured continuity of powerfol regimes with less democratic content. In both findings one thing was common: democratization was associated more with those factors whose decreases affect growth positively than with those whose increases improve growth. The conclusion from this is that the impact of democratization is stronger with negative than with positive growth factors. In other words, while democratization may be supportive of growth its greater impact appears to be in limiting the factors that themselves limit growth. To benefit from the favourable impact of democratisation on debt-led growth therefore the study suggests that improvements in the democratisation process in Nigeria is needed It identifies political education as central to this improvement. A model is developed to show how improvements in the political institutional framework may trickle down, through an enabling environment that is capable of engendering growth-enhancing domestic and international responses to lead in the direction of debt-led growth.

It has been recognized in several countries that governments need to intervene in order to help socially and economically disadvantaged individuals in the society to compete in the economy with those who have gained historical advantage. Governments have changed legislation in favour of the disadvantaged, so that to ensure that they participate in the economy in a more fairly manner and the standards of living of their communities are improved. Local Government at the City of Tshwane Metropolitan Municipality has been given a greater responsibility in relation to Local Economic Development. A major challenge is encountered given that the new areas, which were, integrated recently, lack infrastructure and are rural in nature. Preferential procurement has been identified as a tool of socio-economic development in South Africa. However, a policy needs to be done, properly implemented, and monitored so that it can achieve the desired results. / Dissertation (MCom (Business Management))--University of Pretoria, 2006. / Business Management / unrestricted

Please read the abstract in the 00front part of this document / Thesis (DCom (Economics))--University of Pretoria, 2006. / Economics / unrestricted

Utilising the Grounded Theory Research Method, this study identified a range of open, axial and selective codes, through a literature review, which resulted in the formulation of a proposed theory of how war economies are formed and maintained. Based on the theoretical proposition of the proposed theory, a policy framework for dismantling such war economies was also developed and presented. The proposed theory of war economies essentially argues that war economies are formed in post-colonial sub-Saharan Africa because of the existence of an artificial state. The existence of an artificial state is ascribed to the emerging legacies of colonial state formation processes, which created failed state entities which are unable to produce public goods for all its citizens because of its inability to maintain a monopoly of violence whilst maintain full administrative control over its territory. This inability results in an increase in the vulnerability of state and non-state actors. In response to these vulnerabilities, both state and non-state actors established a range of parallel political, economic and military structures. These structures in turn made use of both network and resource capacities to create an environment where politics are economised and conflict is commercialised, in order to mitigate the impacts of state failure and the inability to produce public goods. The result of the creation of an environment where politics are economised and conflict is commercialised, is the creation of incentives, structures and processes to ensure that conflict and associated conditions of instability are sustained in order to ensure primitive accumulation of wealth and resources. Based on the core theoretical proposition of the proposed theory, the study also presents a broad policy framework for dismantling war economies. In broad terms the framework proposes an integrated state-building process, based on a range of policy mechanisms aimed at maintaining a monopoly over violence, increasing administrative control, dismantling conflict networks and ensuring effective and efficient resource management.

Purpose - this study is aimed at to investigating the effects exchange rate and other variables on foreign direct investment (FDI) inflows have on the Namibian economy. Methodology -The model comprises of the unit root test, the co-integration test, the long run equation co-efficient, an error correction model, the normality test and the stability test, were employed to estimate and interpret the results. Finding and recommendations - The results of the study have revealed that a relationship exists between exchange rate and FDI. However, this relationship is said to be statistically insignificant. It cannot therefore be used as a tool to influence FDI in Namibia. The results further indicated that GDP and trade openness were the most significant determinants of FDI in Namibia. The recommendations of this study thus suggest that the government should implement policies to diversify its production across all sectors and increase the manufacturing of finished goods, so as to enhance the GDP growth. Namibia should further advance its trade open through in-creased and fast-tracked trade agreements at both bilateral and multilateral levels.

A number of studies by academics, scholars and researchers have been conducted on the subject of remittances. The focus of these studies has been on developing countries where remittance corridors have long been established. These studies have focused more on the effects of remittances at micro level, in other words poverty alleviation as result of the decline of FDI; PI and ODA. Established remittance corridors are found in Asia, the Pacific Rim, the Middle East, South America, the Caribbean, West Africa as well as North Africa. Few studies have been conducted into new emerging corridors that are still being established, such as the South Africa-Zimbabwe, Botswana-Zimbabwe and the Namibian-Zimbabwe corridors where a large number of Zimbabweans have migrated to. Economic growth and development are major challenges facing developing countries due to lack of finance. With the decline of FDI, PI, ODA as well as credit since the global financial crisis in 2008, there is a need for research to determine other alternative sustainable sources of finance to enable economic growth and development. Available literature and empirical evidence on the subject matter suggest remittances as a complementary source not a substitute of FDI, PI, ODA and credit. This means that governments in developing countries should not neglect their duty to collect revenue, should promote FDI and PI and not be dependant solely on remittances. Like FDI, PI and ODA, the flow of remittances is also determined by the socio-economic and political factors. Any negative effect on the socio-economic and political factors may also lead to the decline of remittance flows. Whilst other developing countries in established remittance corridors have put policies and systems in place to harness and ensure maximum benefits of remittances, countries such as Zimbabwe have not done much to realise potential and the impact that remittances can make. This is evidenced from the lack of reliable data which according to Chami et al. (2008:21) places severe constraints on the types of questions that can be asked and conclusions that can be drawn from statistical analyses. Secondly, emigration from Zimbabwe can be regarded to be in its infancy stage compared countries like Nigeria and Egypt where migration to developed countries has reached maturity stage. The evidence of this is seen on the volume of remittances currently being received by these two countries. Therefore, this study will complement existing data and literature available particularly on this corridor. Remittances are channelled either through formal or informal channels. The literature available and empirical evidence suggests that the bulk of remittances are channelled through informal channels as opposed to formal channels (Crush et al.,2012:20). Within the South Africa-Zimbabwe corridor, 85 percent of remittances to Zimbabwe are channelled informally (von Burgsdorff, 2012: 17) and are not captured in the official statistics such as the Balance of Payments. The drawback of this is lack of accurate data which precludes more rigorous statistical analysis in this field (von Burgsdorff, 2010:12). This study will endeavour to capture valuable statistics with regards to remittances. Most developing countries that have relied on aid are also burdened with huge unsustainable external debts (Obasanjo, 2000). The external debts continue to have an adverse effect of slowing down economic growth and development as these countries have an obligation to pay back the debts. Settling of external debts has been one of the biggest challenges facing developing countries. With the rise of remittances, Olubiyi (2013:1) sees them as a replacement to credit to a country that is constrained. Instead of borrowing finance for growth and development, remittances can be used instead. Apart from substituting credit with remittances, countries which are not burdened with external debts are able to use remittances as a leverage to obtain foreign loans (Taylor, 1999:69). The loans acquired can used for supplementing revenue derived from the fiscus and other sources of external finance such as FDI, PI and ODA.

The central objective of the research study was to evaluate the 2020 Citywide Economic Growth and Development strategy, with reference to the Nelson Mandela Bay Municipality (NMBM). The Citywide Economic Growth and Development strategy for the NMBM was developed in 2004 in relation to the need for Local Economic Development. The need for Local Economic Development (LED) has been mandated by the national government of South Africa as prescribed in the direction toward developmental local government post - 2000. The National Framework for Local Economic Development in South Africa serves as a strategic implementation guide for municipalities. The National Framework for Local Economic Development provides a supportive foundation to assist municipalities such as the Nelson Mandela Bay Municipality in improving its economic development through concentrations on suggested actions. Through support for municipal Local Economic Development strategies, the objective of Local Economic Development was to offer local government, private sectors, non - profit organisations and local communities the opportunity to work together to improve the local economy. The aim has thus been to enhance competitiveness and encourage inclusive sustainable growth. The 2020 Citywide Economic Growth and Development strategy for the Nelson Mandela Bay Municipality includes its strategic approach to promote sustainable growth within its specified municipal environment. Formulation of the strategy includes descriptions of sector strategies as a mechanism to promote transformation and improved economic development in a sustainable manner. Content Analysis and the case study methods were utilised to evaluate the 2020 Citywide Economic Growth and Development strategy in the undertaking of the research study as a way of examining the formulation of the Local Economic Development strategy of the Nelson Mandela Bay Municipality, in order to determine v the shortcomings in Local Economic Development as brought about by ineffective policy formulation process. Discourse Analysis was also used to understand the policy foundations as influenced by the previous apartheid regime and its accompanied injustices on the citizens of South Africa. The brief descriptions of major economic developments and sector strategies for the Nelson Mandela Bay Municipality shows the detachment of policy content from clear strategic action plans has depicted an incongruence in efficiency and sustainable development. This has placed developmental policy formulation under scrutinisation and evaluation. The findings indicate that there is a need for revision and/ or reformulation of the current 2020 Citywide Economic Growth and Development strategy of the Nelson Mandela Bay Municipality in promotion of effective sustainable development and an improved local economy. The impact of a failure to revise and rework the strategy has detrimental effects on the promotion of an effective and efficient economy in the Nelson Mandela Bay Municipality. Therefore, the lack of detail within the 2020 Citywide Economic Growth and Development strategy must be tackled by policy formulators to ensure economic growth and an alignment with the objectives as contained in the national mandate for economic development.

The study aimed to evaluate the impact of economic freedom on economic growth and investments in the Economic and Monetary Community of Central Africa (CEMAC). The region was created in 1994 by the six states of Cameroon, Chad, the Central African Republic, the Republic of Congo, Gabon and Equatorial Guinea. CEMAC countries comprise low and middle-income countries that share the same currency - the CFA Franc. The CEMAC countries were observed between 1995 and 2008 and panel regression methodologies were employed. A positive impact of economic freedom on economic growth was established using fixed effects method and the generalised method of moments. The impact of a unit increase in the economic freedom index on GDP per capita ranged between 72.65 and 124.51 units (dollars) increase on GDP per capita, ceteris paribus. Economic freedom was also found to Granger-cause economic growth. The results underline a significantly positive relationship between economic freedom and economic growth which is consistent with existing literature. The impact of economic freedom on domestic investment and foreign directs investment was then examined. With regard to domestic investment, economic freedom was found to be statistically significant and positive in all specifications of the model, thereby implying that a unit increase in the economic freedom index increases domestic investment by values of between 0.50 and 0.69 dollars in the CEMAC. The results obtained were consistent with most findings on the relationship between economic freedom and investments. With regard to the relationship between economic freedom and foreign direct investment inflows, economic freedom was unexpectedly statistically insignificant in most specifications of the model. The latter implies that economic freedom does not have a significant impact on foreign direct investment in the CEMAC. However, the study revealed that economic freedom Granger-causes foreign direct investment but foreign direct investment does not Granger-cause economic freedom. This means that economic freedom precedes foreign direct investments, and foreign direct investments do not precede economic freedom. The study strongly recommends an improvement of institutions in the CEMAC in order to enjoy greater levels of economic freedom and therefore foster economic growth and domestic investment in the region.