Thesis (MBA)--Stellenbosch University, 2004. / ENGLISH ABSTRACT: Developing economies are greatly influenced by changing factors of globalisation,
trading pattems of industrialised countries and currency fluctuations. Trade reform is
expected to play a critical role in creating competitive advantages among developing
countries. However, liberalisation of developing countries has not always given the
expected result. Too often, mullilateral organisations lecture developing countries on the
merits of good governance, building dynamic institutions and greater openness to trade
and foreign direct investments (FDI). The International Monetary Fund (IMF) estimates
that if Sub-Saharan Africa's institutional capacity were raised to the level of developed
countries, per capita GDP would be raised by 150 percent. The rich world's trade
protectionism and inadequate FDI inflows are blocking poor nations' efforts to integrate
within the global economy.
Currently, protectionist barriers set up by developed countries disrupt global economic
market adjustments. Extending liberalisation to trade in all commodities would almost
double world gains and would benefit developing countries in particular. To sustain
development through liberalisation, nations need to reform themselves domestically and
all nations must be given reasonably free market access. / AFRIKAANSE OPSOMMING: Ontwikkelende ekonomiee word grootliks beinvloed deur die veranderende
omstandighede met betrekking tot globalisasie. Handelshervorming sal na verwagting 'n
kritieke rol speel om 'n kompeterende voordeel te skep vir ontwikkelende lande.
Nogtans het die liberalisering van sommige van hierdie lande nie die verwagte resultaat
gelewer nie. Dit gebeur gereeld dat multilaterale organisasies ontwikkelende lande
voorskryf oor die meriete van goeie bestuur, die ophou van dinamiese instellings en 'n
meer ontvanklike houding teenoor buitelandse handel en beleggings. Die Internasionale
Monetere Fonds (IMF) skat dat as die institusionele kapasiteit van Suid van die Sahara
Afrika tot op die vlak van ontwikkelde lande verhoog word, die bruto binnelandse produk
(BBP) per capita met 150 persent sal styg. Maar die ryk wereld se handelsbeskerming
en die onvoldoende toevloei van buitelandse direkte investering, blokkeer arm nasies
se pogings om die wereldekonomie te betree.
Tans ontwrig die beskermende maatreels in ontwikkelde lande die vermoe van die
wereldwye ekonomiese mark om aan te pas. Deur liberalisering ten opsigte van alle
handelsgoedere uit te brei, kan die wereld-winste bykans verdubbel word.
Ontwikkelende lande sal veral hierby baat vind. Om ontwikkeling deur liberalisering te
bevorder, moet nasies binnelands hervorm en alle nasies moet redelike vrye toegang
tot die wereldmark gebied word.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/50203 |
| Date | 03 1900 |
| Creators | Botha, Anton |
| Contributors | Black, Philip, Stellenbosch University. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | Unknown |
| Type | Thesis |
| Format | 49 p. : ill. |
| Rights | Stellenbosch University |
Page generated in 0.0018 seconds