The Changing International Economic System

Peter Robson

Chapter 2 in Can South and Southern Africa become Globally Competitive Economies?, 1996, pp 33-44 from Palgrave Macmillan

Abstract: Abstract The current evolution of the global economic environment presents serious challenges for many developing countries. In the short term, global adjustment to the economic and political turbulence of the past decade has left a legacy that points uniformly to a more adverse international environment for developing countries. In the medium and longer term, the evolution of more deep-seated global structural factors suggests a much more mixed prospect for different developing countries. It is not, however, a prospect that would justify an optimistic prognosis for Southern African countries in the absence of determined and effective policy responses on their part.

Keywords: Foreign Direct Investment; Custom Union; Foreign Direct Investment Inflow; Free Trade Area; Distance Cost (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24972-5_3

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DOI: 10.1007/978-1-349-24972-5_3

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