Does south Africa has a desirable mix of free trade and trade protection or not?
http://www.google.co.za/
Search here for answers. No one here knows.
It focuses on the circumstances that shape the country trade.
yes
I don't know the answer
can you please explain the desirable mix :-)
To determine whether South Africa has a desirable mix of free trade and trade protection, we need to consider the country's trade policies and their impact on its economy. Here's how we can examine this issue:
1. Research trade policies: Look into South Africa's trade policies to understand its approach towards free trade and trade protection. Analyze relevant laws, regulations, and agreements that the country has in place.
2. Assess trade openness: Examine South Africa's level of trade openness. This involves looking at the country's trade-to-GDP ratio, the extent of import and export controls, tariffs, quotas, and other trade barriers.
3. Examine economic indicators: Evaluate the economic indicators and performance of South Africa. Consider factors such as GDP growth, employment rates, inflation, productivity, and foreign direct investment (FDI). Assess any correlations between these indicators and the trade policies in place.
4. Consider industry competitiveness: Examine the competitive landscape of South Africa's industries. Assess whether trade protection measures have helped industries develop and become globally competitive or if they have hindered competition and innovation.
5. Analyze trade balance: Look into South Africa's trade balance, considering both commodity exports and imports. Evaluate if the country is benefiting from free trade agreements by gaining access to new markets or if trade protection measures are helping to address balance of payment issues.
6. Consider regional and global trade agreements: Assess South Africa's participation in regional and global trade agreements, such as the Southern African Development Community (SADC), African Continental Free Trade Area (AfCFTA), and World Trade Organization (WTO). Determine if these agreements promote a desirable mix of free trade and trade protection.
By considering these factors, one can gain a better understanding of whether South Africa has a desirable mix of free trade and trade protection. It is important to note that opinions on what constitutes a desirable mix may differ depending on various economic and political perspectives.