External Trade and the Balance of Payments since 1961

Stuart Jones and André Müller
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Stuart Jones: University of the Witwatersrand
André Müller: University of Port Elizabeth

Chapter 22 in The South African Economy, 1910–90, 1992, pp 341-357 from Palgrave Macmillan

Abstract: Abstract In 1961 when exchange control was introduced upon non-residents moving capital out of South Africa, South Africa’s trade was still heavily Eurocentric, with Great Britain occupying the dominant position. Imports from Britain were almost three times those from Germany and almost two-thirds larger than those from the United States. Exports were even more closely tied to Britain, so that at the time that South Africa broke the political links with Britain, the economic links remained fairly strong; and economic determinists will find little support for their views in the course of political developments in South Africa.

Keywords: Current Account; Total Export; Current Account Deficit; Capital Account; External Trade (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22031-1_22

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DOI: 10.1007/978-1-349-22031-1_22

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