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External Trade and the Balance of Payments since 1961

In: The South African Economy, 1910–90

Author

Listed:
  • Stuart Jones

    (University of the Witwatersrand)

  • André Müller

    (University of Port Elizabeth)

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.

Suggested Citation

  • Stuart Jones & André Müller, 1992. "External Trade and the Balance of Payments since 1961," Palgrave Macmillan Books, in: The South African Economy, 1910–90, chapter 22, pages 341-357, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-22031-1_22
    DOI: 10.1007/978-1-349-22031-1_22
    as

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