Gaining from Trade in South Africa

Cover......Page 1
Contents......Page 6
Foreword......Page 10
Acknowledgements......Page 12
List of Abbreviations......Page 13
Notes on Contributors......Page 15
1.1 Introduction......Page 16
1.2 The Southern African Development Community and trade integration......Page 19
1.3 The relationship between openness to trade and economic growth in Africa......Page 22
1.4 Regional integration, economic convergence and growth......Page 24
1.5 Policies to underpin the FTA: an overview......Page 26
1.6 Concluding comments: beyond the FTA......Page 35
2 The Macroeconomic Policy Framework......Page 39
2.1 Policy credibility......Page 40
2.2 Analysis of country profiles and the identification of potential conflicts with regional trade liberalisation......Page 42
2.3 Cross-country comparisons......Page 56
2.4 Fiscal policy......Page 60
2.5 Monetary policy......Page 62
2.6 Exchange rate policy......Page 63
2.7 Conclusions and recommendations......Page 69
3.1 Introduction......Page 73
3.2 The need for fiscal adjustment......Page 76
3.3 Fiscal adjustment measures: tax rate increases......Page 80
3.4 Fiscal adjustment measures: broadening the tax base......Page 86
3.5 Fiscal adjustment measures: enhancing control of expenditure......Page 95
3.6 The need for tax coordination......Page 98
4.1 Introduction......Page 104
4.2 Significant constraints......Page 106
4.3 Other constraints......Page 112
5.1 Sensitive industries and employment effects......Page 117
5.2 Mitigating the effects of job losses......Page 125
5.3 Human resource development......Page 130
5.4 Transport and communications......Page 132
5.5 Development corridors......Page 139
6.1 Introduction......Page 143
6.2 WTO agreement on subsidies and countervailing duties......Page 145
6.3 Current incentives in SADC......Page 147
6.4 Overcoming negative perceptions......Page 149
6.5 Conclusions......Page 151
7.2 The case for compensation......Page 155
7.3 International experience......Page 158
7.4 Review and assessment of the SACU revenue-sharing mechanism......Page 161
7.5 Alternatives to fiscal compensation......Page 165
7.6 Concluding comments......Page 172
References......Page 173
A1 Review of Taxation Policies and Government Revenue......Page 178
A2 Constraints on Foreign Direct Investment by Country......Page 225
A3 Export and Investment Incentives by Country......Page 252
B......Page 275
C......Page 276
E......Page 277
F......Page 278
I......Page 279
M......Page 280
P......Page 282
S......Page 283
T......Page 285
Z......Page 287