Annual Forum Papers

TIPS Forum 1997 - Assessing Regional Arrangements

TIPS Forum 1997 - Assessing Regional Arrangements (3)

TIPS hosted its first annual forum in 1997. The idea of inititaing a Trade and Industrial Policy Forum stemmed from the fact that there was at presnt no forum at which the users of research on trade and industrialpolicy could meet on a regular basis with the producers of research in the academic community and the private sector.

This paper reviews several studies of the determinants of exports in South Africa in the light of the policy directions, which have emphasised the importance of an export led growth path for the economy. Major trading partners and the composition of trade are examined as are the role of the real exchange rate, capital intensity, research and development, export incentives and the vent for surplus theories of export behaviour.