South Africa: Trade Policy and the 2014 Elections Featured

opinion

With a persistently high unemployment rate, building an economy that provides opportunities for all is extremely important to all the political parties contesting the 2014 South African general election.

After 1994, the transition to democracy was accompanied by the liberalisation of South Africa's trade policies and economy. This is evidenced by the significant increase in the volume of imports and exports from 1994 onwards. The country moved from protectionism and import substitution to become one of the most liberalised emerging markets. Imports and exports increased dramatically and a trade surplus was maintained for the first decade after the transition to democracy in 1994.

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