International Trade In South Africa

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South Africa is the country that our group was given the opportunity to discuss in terms of their international trade and financial markets. Specifically, the topics of our discussion will begin with the South African Background, which will go into details such as historical and demographic information, Global Economy and how it relates to South African economy, and Current events in the country. The information will then transition from Background into the International Trade and Finance portion. The International Trade and Finance portion will include the major trading partners, top imports and exports, and the financial markets. The final portion will be the South African Policy Analysis, including information on the past and present policies, as well as tariff and quota information.
Geography: South Africa, officially the Republic of South Africa, is a country settled at the southern tip of Africa. It has 2,798 kilometers (1,739 mi) of lineation that stretches along the South Atlantic and Indian oceans. To the north lie the neighboring countries of Republic of Namibia, Botswana and Zimbabwe; to the east are Mozambique and Swaziland; and inside it lies Lesotho, an enclave enclosed by South African territory. African nation is the 25th-largest country within the world by acreage, and with near fifty three million individuals, is the world's 24th-most thickly settled nation.
Government: Republic.
History: The San people were the first settlers; the Khoikhoi and Bantu-speaking tribes followed. The Dutch East India Company landed the first European settlers on the Cape of Good Hope in 1652, launching a colony that by the end of the 18th century numbered only about 15,000. Known as Boers or Afrikaners, and speaking a Dutch diale...

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...ies as is stated above. South Africa should keep an import quota albeit a small one only with certain products since the economy is still unstable but should not have any export quotas at all. With programs such as the NGP and IPAP, the economy will start to flourish but it will take time. Until it can stand on its own the country should try to bring in as much foreign investment as possible such as the Chinese have been doing recently with recent invitations by South African officials to invest in the country’s infrastructure. (Agencies)
In conclusion, South Africa’s background, International Trade and Finance, and their Policies were good topics to research because they were different from what we usually see here in America; because of this difference, the research we have done has opened our eyes to how other parts of the world operate.

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