South African Absence From Global Trade in Dynamic Products

K Gibson and D E van Seventer

Studies in Economics and Econometrics, 2004, vol. 28, issue 2, 53-64

Abstract: Linked to the design of a suitable industrial policy, trade policy makers traditionally focus on strengthening sectors that globally exhibit a large contribution towards total world exports (or imports). In this case, large exports indicate a largely traded product, which in turn indicates a large potential for a given country for export growth of the given product. In contrast, dynamic products represent those products that have shown the largest change in proportion of total world exports (or imports) and thereby reflect sectors that are not only of considerable size, but are also growing at the most rapid rate. One objective of successful trade policy is to gain a significant and growing share in the global trade of what are termed ‘dynamic products'. In this report we examine South Africa's position. It appears that South Africa is not very well represented in global trade of dynamic products.

Date: 2004
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DOI: 10.1080/10800379.2004.12106367

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