Global Value Chain, foreign trade and foreign direct investment of South Africa
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | export-import Global Value Chain globalization GVC international cooperation regional development South Africa |
| Online Access: | http://dolgozattar.uni-bge.hu/37697 |
| Kivonat: | South Africa is amongst the highest performing African country’s. However, the pandemic has negatively affected its economic performance and its employment rates. South Africa has a very high unemployment problem. This problem was partly caused by its history, which excluded the majority of its population from its labor statistics before 1994.Post its democracy the policies that have been implemented by the government to eradicate the high unemployment have not been very successful. This problem has also been escalated by the corruption and political instabilities in the country. Thus, this study has evaluated how South Africa may use its manufacturing sector, foreign trade, FDI ,and GVC to remain competitive and to solidify its position in the African and world economy. Lastly, this study also analyzed how these constructs (foreign trade, FDI, GVC) may be utilized by the country to combat its high unemployment rates. The success of the manufacturing industry is dependent on factors such as the country’s FDI, foreign trade and the country’s participation in global value chains. Thus, this study evaluated South Africa’s participation in GVC, FDI and foreign trade. Global integration and the fragmentation of production by MNC’s have been of interest to both developing and developed economies because it offers a vast amount of opportunities within Global Value Chains (Koffi, 2016). This author further contends that FDI’s have played a pivotal role in this process. However, Geyer (2019) argues that the integration of GVC’s in Sub-Saharan Africa has not been beneficial for the region’s local economies. |
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