1. South Africa
THE SOUTH AFRICAN ECONOMY Brief economic history During the 1960s the South African economy expanded at an annual average rate of 5,5 percent and experienced average inflation of 2,4 percent. ... South Africa's economic performance in the 1980s and the early 1990s was severely hampered by a poor political environment and the deteriorating terms of trade. The terms of trade - defined as the ratio of export prices to import prices - have always been particularly important in an economy as open as South Africa's. ... The longer-term policy objective is to bring South Africa'...
- Word Count: 6046
- Approx Pages: 24
- Grade Level: Undergraduate