1887

n Studies in Economics and Econometrics - Economic policy : exploring the independence of South Africa

Volume 27, Issue 1
  • ISSN : 0379-6205

Abstract

The extent to which globalisation and regionalisation result in a loss of policy independence is investigated mainly qualitatively, with special reference to South Africa. Regional economic integration and the international integration of domestic markets, are decisions reflecting a judgment about the potential net benefits. In the context of globalisation market norms define a range of policy discretion, which is as wide or narrow as the trust in the government's track record, the quality of information and the cost of attaining it. The reality of globalisation and the demands of regionalisation present South Africa with a dilemma. Its regional economic ties should be forged in a manner that will not jeopardise globalisation benefits. If centrifugal forces of instability (threaten to) dominate, the loss of policy autonomy in the context of globalisation holds less risk than the loss of policy autonomy associated with rapid regional integration.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/bersee/27/1/EJC21361
2003-04-01
2019-10-23

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error