Using aspects of game theory for enhanced stakeholder participation perspectives in integrated water resource management: a Kat River Valley case study
- Authors: Mbatha, Cyril
- Date: 2005
- Subjects: Water resources development -- Case studies , Water-supply -- South Africa -- Kat River Valley -- Management , Economic development -- Case studies , Water-supply -- Government policy -- South Africa , Economic development -- South Africa -- Kat River Valley , Game theory
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:971 , http://hdl.handle.net/10962/d1002705 , Water resources development -- Case studies , Water-supply -- South Africa -- Kat River Valley -- Management , Economic development -- Case studies , Water-supply -- Government policy -- South Africa , Economic development -- South Africa -- Kat River Valley , Game theory
- Description: South Africa is a water poor region and yet, like in many other developing countries, water resources are a valuable production input in socially important industries such as agriculture and mining (Nieuwoudt et al., 2004:162-182). With a mean annual rainfall and runoff of 502mm and 42mm (420m³ per hectare per annum) respectively, Briers and Powell (1993:1) speculate that water shortages will limit South Africa’s economic development in the twenty-first century. In response to the challenges of water resource scarcity and socio-economic inequalities, in 1997 the South African Department of Water Affairs and Forestry (DWAF), following international trends, formulated a National Water Policy (NWP) based on Integrated Water Resource Management (IWRM) principles (Palmer et al., 2003). The main objectives of the NWP (1997) are to protect national water resources from degradation, provide economically disadvantaged communities with access to water resources and promote economic development, through the devolution of water management responsibilities to locally established water institutions (NWP, 1997). The pursuit of these objectives requires a thorough investigation of biophysical, sociopolitical and economic characteristics of the demarcated water areas. For such an investigation to provide accurate and locally relevant results, broad stakeholder participation is of paramount importance. The thesis discusses economic measures required in pursuing enhanced stakeholder participation levels at local levels. A socio-economic survey investigation describing major participation trends against reported property rights and Willingness to Pay values was conducted in the Kat River Valley, Eastern Cape province. From the investigation, observed participation trends driven by economic interests were identified and used in recommendations proposed for the policy implementation process. Using game theoretic arguments as guidelines in soliciting cooperative behaviour in the use and consumption of common resources (Ostrom, 1990), the thesis proposes the introduction of water related public works projects as employment creating vehicles for individuals and communities targeted for economic empowerment and participation in the water policy. However, for sustainable stakeholder participation levels, it is argued that the employment positions created through the projects need to be designed in a manner that would encourage an evolution of long-term relationships between stakeholders and the water management institutions.
- Full Text:
- Date Issued: 2005
- Authors: Mbatha, Cyril
- Date: 2005
- Subjects: Water resources development -- Case studies , Water-supply -- South Africa -- Kat River Valley -- Management , Economic development -- Case studies , Water-supply -- Government policy -- South Africa , Economic development -- South Africa -- Kat River Valley , Game theory
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:971 , http://hdl.handle.net/10962/d1002705 , Water resources development -- Case studies , Water-supply -- South Africa -- Kat River Valley -- Management , Economic development -- Case studies , Water-supply -- Government policy -- South Africa , Economic development -- South Africa -- Kat River Valley , Game theory
- Description: South Africa is a water poor region and yet, like in many other developing countries, water resources are a valuable production input in socially important industries such as agriculture and mining (Nieuwoudt et al., 2004:162-182). With a mean annual rainfall and runoff of 502mm and 42mm (420m³ per hectare per annum) respectively, Briers and Powell (1993:1) speculate that water shortages will limit South Africa’s economic development in the twenty-first century. In response to the challenges of water resource scarcity and socio-economic inequalities, in 1997 the South African Department of Water Affairs and Forestry (DWAF), following international trends, formulated a National Water Policy (NWP) based on Integrated Water Resource Management (IWRM) principles (Palmer et al., 2003). The main objectives of the NWP (1997) are to protect national water resources from degradation, provide economically disadvantaged communities with access to water resources and promote economic development, through the devolution of water management responsibilities to locally established water institutions (NWP, 1997). The pursuit of these objectives requires a thorough investigation of biophysical, sociopolitical and economic characteristics of the demarcated water areas. For such an investigation to provide accurate and locally relevant results, broad stakeholder participation is of paramount importance. The thesis discusses economic measures required in pursuing enhanced stakeholder participation levels at local levels. A socio-economic survey investigation describing major participation trends against reported property rights and Willingness to Pay values was conducted in the Kat River Valley, Eastern Cape province. From the investigation, observed participation trends driven by economic interests were identified and used in recommendations proposed for the policy implementation process. Using game theoretic arguments as guidelines in soliciting cooperative behaviour in the use and consumption of common resources (Ostrom, 1990), the thesis proposes the introduction of water related public works projects as employment creating vehicles for individuals and communities targeted for economic empowerment and participation in the water policy. However, for sustainable stakeholder participation levels, it is argued that the employment positions created through the projects need to be designed in a manner that would encourage an evolution of long-term relationships between stakeholders and the water management institutions.
- Full Text:
- Date Issued: 2005
Economic impact of international labour migration on Lesotho's development, 1986-1998: towards an international labour migration policy for the Southern African region
- Authors: Maro, Mkasafari Grace
- Date: 2002
- Subjects: Migrant labor -- South Africa , Migrant labor -- Lesotho , Foreign workers -- South Africa , Miners -- South Africa , Miners -- Labor unions -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1058 , http://hdl.handle.net/10962/d1007496 , Migrant labor -- South Africa , Migrant labor -- Lesotho , Foreign workers -- South Africa , Miners -- South Africa , Miners -- Labor unions -- South Africa
- Description: The aim of the thesis is to identify the pressures that contributed to the rise in international labour migration in Lesotho, and to investigate how these pressures are impacting upon the modernization process in the country, particularly at a time when employment opportunities are scarce in the southern African region. International labour migration has been used as a development tool throughout history, but especially in the 20th century by developing countries with dual labour markets. Newly independent developing countries with dual labour markets adapted the strategy of import substitution industrialization (lSI), with an emphasis on protecting infant industries and promoting pro-labour policies. In the post-colonial period the international demand for lowskilled workers rose, particularly in the North (developed countries), and in mineral rich countries including the oil exporters and South Africa, and the newly industrialising countries in East Asia. International labour migration to these countries was adapted as an integral development tool by the governments of the lSI countries. Most migrants were low-skilled and temporary workers in the destination countries. Although no multilateral institutional framework existed, usually both the sending and receiving countries adapted unilateral and bilateral migration policies to guarantee the gains from migration. Workers were thus "protected" to varying degrees under such agreements. From the 1970s, the North experienced a slowdown in the growth in demand for unskilled workers. In the 1980s, many lSI countries experienced devastating economic crises that forced them to abandon the lSI policy and adapt the export-led industrialisation (EOI) policy with an emphasis on trade liberalization. The switch from lSI to EOI in developing countries with dual labour markets led to the downsizing of public sector employment, the removal of marketing boards formally used by small-scale agricultural farmers, and the expansion of export processing zones (EPZs). These outcomes resulted in a rise in push internal migration, and international migration from these countries especially to other developing countries. At the same time, since the late 1980s, capital has acquired greatly enhanced mobility at the global level. The adaptation of EOI and the full mobility of capital at the global level altered the institutional structure within which labour migration was governed both nationally, and internationally. At the national level stricter unilateral policies were reinforced by receiving countries for low-skilled labour, while less strict policies applied for skilled labour. These remain in operation in conjunction with the earlier bilateral agreements. At the international level, there remains a lack of policy to regulate international labour migration. Under the current enhanced mobility of capital, international migrants are thus left vulnerable. Lesotho fits this pattern. Faced with a dual economy and an abundance of semi-skilled labour, Lesotho has been a principal supplier of labour to the South Africa's mining industry since its independence. Lesotho's industrial diversification thus mirrors South Africa's industrial diversification. In the lSI phase (1968 - 1987), international labour migration became the most important tool of economic welfare generation in Lesotho. Bilateral agreements were signed in the early 1970s between Lesotho and South Africa to guarantee the gains from migration. Since the late I980s, the mining industry in South Africa began to downsize production and employment. Fewer novice miners from Lesotho were recruited to work in South Africa. The adaptation of the EOI policy in Lesotho in 1987 introduced EPZ industrialization and trade liberalization. Nevertheless, the retrenchment of mine workers from South Africa is occurring at a time when Lesotho is experiencing an employment crisis. The political independence of South Africa in 1994 was accompanied by stricter international migration policies by the new democratic government of South Africa. Most migrant workers in South Africa are thus now faced with a two-door policy (of the earlier bilateral agreements and the amendments to the Aliens Control Act). This system has left migrant workers vulnerable to exploitation by both employers and the law (police) in South Africa. Nevertheless, international migration from Lesotho to South Africa continues to expand, particularly of the new type of migration - semiskilled female workers in the services sector. At the same time, South Africa is also experiencing an employment crisis. The most important policy implications are, firstly, that migration is subject to the same "casualisation" as other work, with the effects made worse by the "statelessness" of migrants, who are most vulnerable to exploitation. Secondly, multilateralism is needed (e.g., SADC) and holistic, multilateral policies are required. It is clear that under the new global division of labour ad hoc policy towards international labour migration is ineffective.
- Full Text:
- Date Issued: 2002
- Authors: Maro, Mkasafari Grace
- Date: 2002
- Subjects: Migrant labor -- South Africa , Migrant labor -- Lesotho , Foreign workers -- South Africa , Miners -- South Africa , Miners -- Labor unions -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1058 , http://hdl.handle.net/10962/d1007496 , Migrant labor -- South Africa , Migrant labor -- Lesotho , Foreign workers -- South Africa , Miners -- South Africa , Miners -- Labor unions -- South Africa
- Description: The aim of the thesis is to identify the pressures that contributed to the rise in international labour migration in Lesotho, and to investigate how these pressures are impacting upon the modernization process in the country, particularly at a time when employment opportunities are scarce in the southern African region. International labour migration has been used as a development tool throughout history, but especially in the 20th century by developing countries with dual labour markets. Newly independent developing countries with dual labour markets adapted the strategy of import substitution industrialization (lSI), with an emphasis on protecting infant industries and promoting pro-labour policies. In the post-colonial period the international demand for lowskilled workers rose, particularly in the North (developed countries), and in mineral rich countries including the oil exporters and South Africa, and the newly industrialising countries in East Asia. International labour migration to these countries was adapted as an integral development tool by the governments of the lSI countries. Most migrants were low-skilled and temporary workers in the destination countries. Although no multilateral institutional framework existed, usually both the sending and receiving countries adapted unilateral and bilateral migration policies to guarantee the gains from migration. Workers were thus "protected" to varying degrees under such agreements. From the 1970s, the North experienced a slowdown in the growth in demand for unskilled workers. In the 1980s, many lSI countries experienced devastating economic crises that forced them to abandon the lSI policy and adapt the export-led industrialisation (EOI) policy with an emphasis on trade liberalization. The switch from lSI to EOI in developing countries with dual labour markets led to the downsizing of public sector employment, the removal of marketing boards formally used by small-scale agricultural farmers, and the expansion of export processing zones (EPZs). These outcomes resulted in a rise in push internal migration, and international migration from these countries especially to other developing countries. At the same time, since the late 1980s, capital has acquired greatly enhanced mobility at the global level. The adaptation of EOI and the full mobility of capital at the global level altered the institutional structure within which labour migration was governed both nationally, and internationally. At the national level stricter unilateral policies were reinforced by receiving countries for low-skilled labour, while less strict policies applied for skilled labour. These remain in operation in conjunction with the earlier bilateral agreements. At the international level, there remains a lack of policy to regulate international labour migration. Under the current enhanced mobility of capital, international migrants are thus left vulnerable. Lesotho fits this pattern. Faced with a dual economy and an abundance of semi-skilled labour, Lesotho has been a principal supplier of labour to the South Africa's mining industry since its independence. Lesotho's industrial diversification thus mirrors South Africa's industrial diversification. In the lSI phase (1968 - 1987), international labour migration became the most important tool of economic welfare generation in Lesotho. Bilateral agreements were signed in the early 1970s between Lesotho and South Africa to guarantee the gains from migration. Since the late I980s, the mining industry in South Africa began to downsize production and employment. Fewer novice miners from Lesotho were recruited to work in South Africa. The adaptation of the EOI policy in Lesotho in 1987 introduced EPZ industrialization and trade liberalization. Nevertheless, the retrenchment of mine workers from South Africa is occurring at a time when Lesotho is experiencing an employment crisis. The political independence of South Africa in 1994 was accompanied by stricter international migration policies by the new democratic government of South Africa. Most migrant workers in South Africa are thus now faced with a two-door policy (of the earlier bilateral agreements and the amendments to the Aliens Control Act). This system has left migrant workers vulnerable to exploitation by both employers and the law (police) in South Africa. Nevertheless, international migration from Lesotho to South Africa continues to expand, particularly of the new type of migration - semiskilled female workers in the services sector. At the same time, South Africa is also experiencing an employment crisis. The most important policy implications are, firstly, that migration is subject to the same "casualisation" as other work, with the effects made worse by the "statelessness" of migrants, who are most vulnerable to exploitation. Secondly, multilateralism is needed (e.g., SADC) and holistic, multilateral policies are required. It is clear that under the new global division of labour ad hoc policy towards international labour migration is ineffective.
- Full Text:
- Date Issued: 2002
The nature of economic integration and co-operation within the South African region and a survey of economic benefits to member states
- Authors: Mutambara, Tsitsi Effie
- Date: 2001
- Subjects: Africa, Southern -- Economic integration , Southern African Development Community
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:938 , http://hdl.handle.net/10962/d1002671 , Africa, Southern -- Economic integration , Southern African Development Community
- Description: The transformation of SADCC into the Southern African Development Community (SADC) has paved the way towards closer regional economic integration in southern Africa. The regional grouping no longer only focuses on sectoral cooperation, but is steadily moving towards increased cooperation in trade development and promotion, industrial development and the diversification of national economies, with the aim of increasing regional economic integration. A free trade area ranks second lowest in the steps towards the highest levels of economic integration. Thus, the signing of the SADC Trade Protocol, which serves to pave way for a SADC Free Trade Area, has initiated steps to facilitate and promote the formal economic integration of all countries in the southern African region. It has been noted that at various periods, the region has adopted a variety of approaches to integration. As such, the present study reviews the different approaches to integration, namely the market integration model, the neo-functional integration model, the development integration model and the theory of common markets. Since the essential question with which this thesis is concerned is whether, and to what extent, the benefits expected from SADC and SACU in terms of their aims and objectives have accrued to member states, an insight into the expected benefits arising from the application of each theoretical framework can help to facilitate an evaluation of the benefits which the countries have enjoyed from these two regional groupings. The thesis highlights that throughout the ten years during which the original SADCC was in place, it based its approach to regional integration on the neo-functional and development integration models, although the former tended to be more dominant. With the regional grouping transforming into SADC, the market integration model was adopted, even though the grouping still had features of the aforementioned approaches. The relevance of the three approaches can be seen in: (i) the continued importance of SADC's sectoral projects, particularly in the field of transport and communication: (ii) continued attempts to put in place a suitable regional) industrial development strategy and implement policies to attract foreign investment; and (iii) the signing of the SADCC Trade Protocol to facilitate the implementation of a free trade area. The thesis argues that member states have enjoyed considerable economic benefits from the SADC sectoral projects. However, in some cases, members have lost out on potential benefits as a result of projects failing to be implemented or completed, mainly due to inadequate funding. Further, delays and inefficiencies at some border posts constitute significant non-tariff barriers which could be a hindrance to intra-regional trade. Progress towards diversification of exports has been limited as the region still relies mostly on the export of the traditional agricultural and mineral raw materials. While all countries have made efforts to diversify their industrial bases, attempts at implementing a meaningful regional industrial development strategy have met with limited success. Intra-regional trade has been increasing over the years. Since the SADC Trade Protocol only came into effect in September 2000, the increased levels of trade integration in the region appear to have been a result of the bilateral trade agreements between countries, and the customs union between South Africa and Botswana, Lesotho, Namibia and Swaziland (BLNS), as well as the structural adjustment programmes and the significant growth experienced in some countries. Outstanding intra-regional trade volumes have been experienced within SACU. In trade terms, benefits have varied between member states, with the more powerful countries like South Africa, Zimbabwe and Mauritius experiencing substantial trade surpluses vis-a.-vis their trade, partners. Countries with bilateral preferential trade agreements have also benefited more due to increased access into each other's markets compared to those without or with bilateral trade agreements of an MFN nature. However, it is important to note that, despite the increase in trade integration in the region, southern Africa is still heavily dependent on the rest of the world for its export markets and as its source of imports. The study finds that intra-industry trade (IIT) exists within the region and, in a number of sectors, high IIT indices are recorded;--although some such sectors do not display significant trade - voIumes. The opening of the region through the implementation of the SADC FTA could promote the expansion of IIT .as-the free trade area )'Till create an enlarged regional market. As such, SADC could benefit from dynamic effects such as scale economies in production and marketing, with member states working on having complementary production structures so as to facilitate specialisation. The thesis argues that the potential for intra-regional trade expansion in the SADC FT A also exists bearing in mind trade complementarity between countries as well as revealed comparative advantages in different sectors. One of the benefits which have accrued to the region as a result of facilitating and promoting greater cooperation and deepening the integration process has been an expansion in cross border investment. The study finds that the 1990s witnessed a gradual increase in cross border investment to take advantage of investment opportunities in member states. South Africa has become the primary source of foreign direct investment flows to a number of SADC countries, with mergers and acquisitions being the dominant mode of its foreign direct investment. Cross border investment helps in supplementing low domestic savings, thus providing substantial parts of the shortfall in capital needed to finance economic growth and development. It can thus promote development in the industrial sector, transfer of capital, skills and technology, and development of infrastructure. Many SADC countries are unable to compete effectively due to lack of export supply capacity. The thesis suggests that capitalising on investment by South African firms could enhance local supply capabilities and raise export competitiveness. The study concludes that for market integration to succeed in the SADC region, the neofunctional and development integration approaches need to be actively pursued simultaneously, particularly with respect to infrastructural and industrial development.
- Full Text:
- Date Issued: 2001
- Authors: Mutambara, Tsitsi Effie
- Date: 2001
- Subjects: Africa, Southern -- Economic integration , Southern African Development Community
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:938 , http://hdl.handle.net/10962/d1002671 , Africa, Southern -- Economic integration , Southern African Development Community
- Description: The transformation of SADCC into the Southern African Development Community (SADC) has paved the way towards closer regional economic integration in southern Africa. The regional grouping no longer only focuses on sectoral cooperation, but is steadily moving towards increased cooperation in trade development and promotion, industrial development and the diversification of national economies, with the aim of increasing regional economic integration. A free trade area ranks second lowest in the steps towards the highest levels of economic integration. Thus, the signing of the SADC Trade Protocol, which serves to pave way for a SADC Free Trade Area, has initiated steps to facilitate and promote the formal economic integration of all countries in the southern African region. It has been noted that at various periods, the region has adopted a variety of approaches to integration. As such, the present study reviews the different approaches to integration, namely the market integration model, the neo-functional integration model, the development integration model and the theory of common markets. Since the essential question with which this thesis is concerned is whether, and to what extent, the benefits expected from SADC and SACU in terms of their aims and objectives have accrued to member states, an insight into the expected benefits arising from the application of each theoretical framework can help to facilitate an evaluation of the benefits which the countries have enjoyed from these two regional groupings. The thesis highlights that throughout the ten years during which the original SADCC was in place, it based its approach to regional integration on the neo-functional and development integration models, although the former tended to be more dominant. With the regional grouping transforming into SADC, the market integration model was adopted, even though the grouping still had features of the aforementioned approaches. The relevance of the three approaches can be seen in: (i) the continued importance of SADC's sectoral projects, particularly in the field of transport and communication: (ii) continued attempts to put in place a suitable regional) industrial development strategy and implement policies to attract foreign investment; and (iii) the signing of the SADCC Trade Protocol to facilitate the implementation of a free trade area. The thesis argues that member states have enjoyed considerable economic benefits from the SADC sectoral projects. However, in some cases, members have lost out on potential benefits as a result of projects failing to be implemented or completed, mainly due to inadequate funding. Further, delays and inefficiencies at some border posts constitute significant non-tariff barriers which could be a hindrance to intra-regional trade. Progress towards diversification of exports has been limited as the region still relies mostly on the export of the traditional agricultural and mineral raw materials. While all countries have made efforts to diversify their industrial bases, attempts at implementing a meaningful regional industrial development strategy have met with limited success. Intra-regional trade has been increasing over the years. Since the SADC Trade Protocol only came into effect in September 2000, the increased levels of trade integration in the region appear to have been a result of the bilateral trade agreements between countries, and the customs union between South Africa and Botswana, Lesotho, Namibia and Swaziland (BLNS), as well as the structural adjustment programmes and the significant growth experienced in some countries. Outstanding intra-regional trade volumes have been experienced within SACU. In trade terms, benefits have varied between member states, with the more powerful countries like South Africa, Zimbabwe and Mauritius experiencing substantial trade surpluses vis-a.-vis their trade, partners. Countries with bilateral preferential trade agreements have also benefited more due to increased access into each other's markets compared to those without or with bilateral trade agreements of an MFN nature. However, it is important to note that, despite the increase in trade integration in the region, southern Africa is still heavily dependent on the rest of the world for its export markets and as its source of imports. The study finds that intra-industry trade (IIT) exists within the region and, in a number of sectors, high IIT indices are recorded;--although some such sectors do not display significant trade - voIumes. The opening of the region through the implementation of the SADC FTA could promote the expansion of IIT .as-the free trade area )'Till create an enlarged regional market. As such, SADC could benefit from dynamic effects such as scale economies in production and marketing, with member states working on having complementary production structures so as to facilitate specialisation. The thesis argues that the potential for intra-regional trade expansion in the SADC FT A also exists bearing in mind trade complementarity between countries as well as revealed comparative advantages in different sectors. One of the benefits which have accrued to the region as a result of facilitating and promoting greater cooperation and deepening the integration process has been an expansion in cross border investment. The study finds that the 1990s witnessed a gradual increase in cross border investment to take advantage of investment opportunities in member states. South Africa has become the primary source of foreign direct investment flows to a number of SADC countries, with mergers and acquisitions being the dominant mode of its foreign direct investment. Cross border investment helps in supplementing low domestic savings, thus providing substantial parts of the shortfall in capital needed to finance economic growth and development. It can thus promote development in the industrial sector, transfer of capital, skills and technology, and development of infrastructure. Many SADC countries are unable to compete effectively due to lack of export supply capacity. The thesis suggests that capitalising on investment by South African firms could enhance local supply capabilities and raise export competitiveness. The study concludes that for market integration to succeed in the SADC region, the neofunctional and development integration approaches need to be actively pursued simultaneously, particularly with respect to infrastructural and industrial development.
- Full Text:
- Date Issued: 2001
Towards more accurate measurement of the value of the arts to society: economic impact and willingness to pay studies at the Standard Bank National Arts Festival
- Authors: Snowball, Jeanette Dalziel
- Date: 2001
- Subjects: Standard Bank National Arts Festival , Standard Bank National Arts Festival -- Economic aspects , Art -- Economic aspects , Money in art , Art -- Marketing , Performing arts festivals -- Economic aspects -- South Africa -- Grahamstown
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:939 , http://hdl.handle.net/10962/d1002672
- Description: The accurate measurement of the value of the arts to society is becoming increasingly important in developing countries, like South Africa, where the arts must compete with housing, health, education and the like for public funds. Motivation for the public funding of arts events, like the Standard Bank National Arts Festival in Grahamstown, is usually based on the economic impact, that is, the financial benefits to the region, of such events. The argument is problematic, however, because the primary recipients of such economic benefits are often middle to upper income groups who also attend more arts performances. Furthermore, the studies have not taken into account the positive externalities which, it is argued, are generated by the arts and are enjoyed by attenders and non attenders alike. This thesis argues that it is the social benefits which the arts provide, those external to the market, which should be the basis of public funding. In order to quantify these positive externalities, a willingness to pay (WTP) study was conducted in the Grahamstown region. It is generally, but erroneously, believed that the Festival does not benefit the poorer, largely black, Grahamstown East residents. The study found that, in addition to the economic value (R23 - 25 million a year), the non-market benefits which the festival provides are worth between R2.3 and R3 million a year and form a very important part of its value, particularly to low income groups. The study also found that there are methodological adjustments which can be made to WTP studies to successfully control for the many forms of bias it is prone to. By using a combination of closed and open ended and liable and non-liable questions, the motivation of respondents' answers to WTP questions was determined, making it possible to adjust for bias caused by, for example, "free rider" and "warm glow" responses. It is argued that by identifying and excluding such responses from WTP surveys, it is possible to reduce bias to an acceptable level.
- Full Text:
- Date Issued: 2001
- Authors: Snowball, Jeanette Dalziel
- Date: 2001
- Subjects: Standard Bank National Arts Festival , Standard Bank National Arts Festival -- Economic aspects , Art -- Economic aspects , Money in art , Art -- Marketing , Performing arts festivals -- Economic aspects -- South Africa -- Grahamstown
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:939 , http://hdl.handle.net/10962/d1002672
- Description: The accurate measurement of the value of the arts to society is becoming increasingly important in developing countries, like South Africa, where the arts must compete with housing, health, education and the like for public funds. Motivation for the public funding of arts events, like the Standard Bank National Arts Festival in Grahamstown, is usually based on the economic impact, that is, the financial benefits to the region, of such events. The argument is problematic, however, because the primary recipients of such economic benefits are often middle to upper income groups who also attend more arts performances. Furthermore, the studies have not taken into account the positive externalities which, it is argued, are generated by the arts and are enjoyed by attenders and non attenders alike. This thesis argues that it is the social benefits which the arts provide, those external to the market, which should be the basis of public funding. In order to quantify these positive externalities, a willingness to pay (WTP) study was conducted in the Grahamstown region. It is generally, but erroneously, believed that the Festival does not benefit the poorer, largely black, Grahamstown East residents. The study found that, in addition to the economic value (R23 - 25 million a year), the non-market benefits which the festival provides are worth between R2.3 and R3 million a year and form a very important part of its value, particularly to low income groups. The study also found that there are methodological adjustments which can be made to WTP studies to successfully control for the many forms of bias it is prone to. By using a combination of closed and open ended and liable and non-liable questions, the motivation of respondents' answers to WTP questions was determined, making it possible to adjust for bias caused by, for example, "free rider" and "warm glow" responses. It is argued that by identifying and excluding such responses from WTP surveys, it is possible to reduce bias to an acceptable level.
- Full Text:
- Date Issued: 2001
The economic implications of trade policy reform in South Africa for the automotive industry in the Eastern Cape Province
- Authors: Onyango, Donald Otieno
- Date: 2000
- Subjects: Automobile industry and trade -- South Africa -- Eastern Cape , South Africa -- Commercial policy
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:936 , http://hdl.handle.net/10962/d1002669 , Automobile industry and trade -- South Africa -- Eastern Cape , South Africa -- Commercial policy
- Description: South Africa is no longer a pariah state and has been fully integrated into the global family of nations. With the country’s accession to multilateral agreements like the World Trade Organization (WTO), there has been pressure on the government to abandon its hitherto protectionist trade regime in favour of free and fair trade. Trade liberalisation has had profound implications for the country’s manufacturing sector in general, and the automotive industry in particular, which has seen tariff protection radically slashed and import restrictions greatly eased. Not only has the market share of domestic producers fallen, but increases in exports have to date not matched those of imports. As a result there has been a deterioration in the sector’s balance of trade and a reduction in employment levels, at a time when the country desperately needs to create new jobs. Recent developments, however, suggest that this scenario may be set to change. The thesis applies orthodox neoclassical and heterodox approaches to trade policy to an assessment of the likely economic impact of trade liberalisation on the automotive industry in the Eastern Cape, and by extension nationally. The thesis argues that reliance on orthodox trade theory to inform the direction of trade policy, especially in a developing country context, is unlikely to bring about an adequate increase in the level of exports and employment. This is because liberalisation of the import regime is likely to increase import levels without necessarily stimulating export levels, a scenario which serves to negate the presupposed benefits of liberalisation. The study uses information from surveys conducted on both motor vehicle assemblers and component manufacturing firms to investigate the effect of trade liberalisation on the sector in the Province and finds that, by and large, the motor assemblers have not fared as badly as expected and have in fact positioned themselves to export more vehicles and components. The components sector has had to contend with increased competition from cheaper imports. The thesis, while acknowledging that, as far as possible, free trade is an optimal position, nonetheless argues that governments still have an important role to play in the promotion of industrialisation. The scope of government intervention should, however, be limited to selective interventions which are aimed at counteracting market failure and facilitating innovation and the diffusion of technological know-how. The thesis argues that institution of supply side measures, such as the encouragement of research and development (R&D), skills development and industrial training, is necessary for sustained growth in the manufacturing sector to be realised. The thesis also finds that, contrary to expectations, the liberalisation of the automotive sector has not had the desired effects. Despite an increase in the value of automotive exports and an overall trend towards reduced net foreign exchange usage, employment levels are on the decline. The thesis also finds that without major export initiatives by both motor vehicle assemblers and component manufacturers, the future of the industry will be placed in jeopardy, especially with reduced protection and incentives.
- Full Text:
- Date Issued: 2000
- Authors: Onyango, Donald Otieno
- Date: 2000
- Subjects: Automobile industry and trade -- South Africa -- Eastern Cape , South Africa -- Commercial policy
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:936 , http://hdl.handle.net/10962/d1002669 , Automobile industry and trade -- South Africa -- Eastern Cape , South Africa -- Commercial policy
- Description: South Africa is no longer a pariah state and has been fully integrated into the global family of nations. With the country’s accession to multilateral agreements like the World Trade Organization (WTO), there has been pressure on the government to abandon its hitherto protectionist trade regime in favour of free and fair trade. Trade liberalisation has had profound implications for the country’s manufacturing sector in general, and the automotive industry in particular, which has seen tariff protection radically slashed and import restrictions greatly eased. Not only has the market share of domestic producers fallen, but increases in exports have to date not matched those of imports. As a result there has been a deterioration in the sector’s balance of trade and a reduction in employment levels, at a time when the country desperately needs to create new jobs. Recent developments, however, suggest that this scenario may be set to change. The thesis applies orthodox neoclassical and heterodox approaches to trade policy to an assessment of the likely economic impact of trade liberalisation on the automotive industry in the Eastern Cape, and by extension nationally. The thesis argues that reliance on orthodox trade theory to inform the direction of trade policy, especially in a developing country context, is unlikely to bring about an adequate increase in the level of exports and employment. This is because liberalisation of the import regime is likely to increase import levels without necessarily stimulating export levels, a scenario which serves to negate the presupposed benefits of liberalisation. The study uses information from surveys conducted on both motor vehicle assemblers and component manufacturing firms to investigate the effect of trade liberalisation on the sector in the Province and finds that, by and large, the motor assemblers have not fared as badly as expected and have in fact positioned themselves to export more vehicles and components. The components sector has had to contend with increased competition from cheaper imports. The thesis, while acknowledging that, as far as possible, free trade is an optimal position, nonetheless argues that governments still have an important role to play in the promotion of industrialisation. The scope of government intervention should, however, be limited to selective interventions which are aimed at counteracting market failure and facilitating innovation and the diffusion of technological know-how. The thesis argues that institution of supply side measures, such as the encouragement of research and development (R&D), skills development and industrial training, is necessary for sustained growth in the manufacturing sector to be realised. The thesis also finds that, contrary to expectations, the liberalisation of the automotive sector has not had the desired effects. Despite an increase in the value of automotive exports and an overall trend towards reduced net foreign exchange usage, employment levels are on the decline. The thesis also finds that without major export initiatives by both motor vehicle assemblers and component manufacturers, the future of the industry will be placed in jeopardy, especially with reduced protection and incentives.
- Full Text:
- Date Issued: 2000
The new initiative of the East African Cooperation : opportunities, challenges and prospects
- Authors: Kimemia, Peter Njau
- Date: 2000 , 2013-04-25
- Subjects: International economic relations , Africa, East -- Foreign economic relations , East African Co-operation , Africa, East -- Economic integration
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1041 , http://hdl.handle.net/10962/d1004743 , International economic relations , Africa, East -- Foreign economic relations , East African Co-operation , Africa, East -- Economic integration
- Description: The landmark inauguration of the East African Cooperation (EAC) on 14 March 1996 brought to the fore some key issues regarding regional economic integration in East Africa, particularly since it signalled the second attempt by Kenya, Uganda and Tanzania to form a regional economic bloc. The EAC's predecessor, the East African Community, had collapsed in 1977 in acrimonious circumstances. Prominent among the issues that led to the collapse of the East African Community was the perception of unequal gains from the integration scheme, with Uganda and Tanzania considering that disproportionate benefits were accruing to Kenya at their expense. With the new initiative, the question emerges as to whether the problems that caused the collapse of the Community will not beset the EAC and subject it to a similar fate. In an attempt to address this question, this study considers some of the theoretical issues relating to regional economic integration among countries at different levels of development, and attempts to provide an analysis of the new initiative of the EAC in the light of this theory and the history of the East African Community. The study also critically examines the objectives of the EAC and the integration strategy adopted by the three countries, and offers suggestions on the way forward. Among the arguments made in this thesis are that, contrary to the suggestions of orthodox static analysis, if the dynamic effects of integration are considered, then there may be important gains which may accrue to integrating states in the developing country context. It is also argued that different levels of development among integrating states need not necessarily be an impediment to economic integration. The study finds that, in spite of the enormous challenges facing the EAC, member states may be better off within the integration scheme than if they acted as individual units in a rapidly globalizing international system.
- Full Text:
- Date Issued: 2000
- Authors: Kimemia, Peter Njau
- Date: 2000 , 2013-04-25
- Subjects: International economic relations , Africa, East -- Foreign economic relations , East African Co-operation , Africa, East -- Economic integration
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1041 , http://hdl.handle.net/10962/d1004743 , International economic relations , Africa, East -- Foreign economic relations , East African Co-operation , Africa, East -- Economic integration
- Description: The landmark inauguration of the East African Cooperation (EAC) on 14 March 1996 brought to the fore some key issues regarding regional economic integration in East Africa, particularly since it signalled the second attempt by Kenya, Uganda and Tanzania to form a regional economic bloc. The EAC's predecessor, the East African Community, had collapsed in 1977 in acrimonious circumstances. Prominent among the issues that led to the collapse of the East African Community was the perception of unequal gains from the integration scheme, with Uganda and Tanzania considering that disproportionate benefits were accruing to Kenya at their expense. With the new initiative, the question emerges as to whether the problems that caused the collapse of the Community will not beset the EAC and subject it to a similar fate. In an attempt to address this question, this study considers some of the theoretical issues relating to regional economic integration among countries at different levels of development, and attempts to provide an analysis of the new initiative of the EAC in the light of this theory and the history of the East African Community. The study also critically examines the objectives of the EAC and the integration strategy adopted by the three countries, and offers suggestions on the way forward. Among the arguments made in this thesis are that, contrary to the suggestions of orthodox static analysis, if the dynamic effects of integration are considered, then there may be important gains which may accrue to integrating states in the developing country context. It is also argued that different levels of development among integrating states need not necessarily be an impediment to economic integration. The study finds that, in spite of the enormous challenges facing the EAC, member states may be better off within the integration scheme than if they acted as individual units in a rapidly globalizing international system.
- Full Text:
- Date Issued: 2000
The effects of trade policy on the development of the South African petrochemical industry
- Authors: Giantsos, John
- Date: 1995
- Subjects: Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1014 , http://hdl.handle.net/10962/d1002749 , Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Description: The objective of the research was to determine the role which South African trade policy played in shaping the development of the domestic petrochemical industry. The focus of the study falls on the domestic development of the petrochemical industry in general, and the polymer industry in particular. Three broad stages are distinguished in the domestic development of the petrochemical industry. Prior to the early 1970's development occurred primarily on an ad hoc basis, with the establishment of domestic production plants for most major petrochemicals. The development of the domestic petrochemical industry over the period from the early 1970's to the early 1980's was characterised by rapid growth in the domestic production of petrochemicals, while the period from the early 1980's to the early 1990's saw a significant slowdown in the annual growth rate for the domestic production of petrochemicals. The role of trade policy in the industry's development over each of these three periods could not be established conclusively. In each period a number of factors were identified which may have impacted on the industry's development. However, two factors do appear to have played particularly important roles in the industry's development prior to the early 1980's, namely strong growth in domestic petrochemical demand and the provision of a substantial degree of protection through quantitative import controls and tariffs. with regard to the industry's development over the period from the early 1980's to the early 1990's, a number of factors were identified which may have influenced trends in domestic petrochemical production, including the withdrawal of quantitative import controls and the progressive lowering of import tariffs, the depreciation of the rand in the mid-1980's, a slowdown in the growth of the domestic demand for petrochemicals, the fall in the international prices of petrochemicals in the early 1980's, and the fall in the international oil price in the mid-1980's. In view of the small size of the domestic petrochemical market it is recommended that local petrochemical producers should continue to expand their focus beyond that of producing solely for the requirements of the domestic market. In light of the key role played by the petrochemical industry in a modern economy, it is also recommended that the industry in South Africa receive more attention from policy makers than it has in the past.
- Full Text:
- Date Issued: 1995
- Authors: Giantsos, John
- Date: 1995
- Subjects: Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1014 , http://hdl.handle.net/10962/d1002749 , Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Description: The objective of the research was to determine the role which South African trade policy played in shaping the development of the domestic petrochemical industry. The focus of the study falls on the domestic development of the petrochemical industry in general, and the polymer industry in particular. Three broad stages are distinguished in the domestic development of the petrochemical industry. Prior to the early 1970's development occurred primarily on an ad hoc basis, with the establishment of domestic production plants for most major petrochemicals. The development of the domestic petrochemical industry over the period from the early 1970's to the early 1980's was characterised by rapid growth in the domestic production of petrochemicals, while the period from the early 1980's to the early 1990's saw a significant slowdown in the annual growth rate for the domestic production of petrochemicals. The role of trade policy in the industry's development over each of these three periods could not be established conclusively. In each period a number of factors were identified which may have impacted on the industry's development. However, two factors do appear to have played particularly important roles in the industry's development prior to the early 1980's, namely strong growth in domestic petrochemical demand and the provision of a substantial degree of protection through quantitative import controls and tariffs. with regard to the industry's development over the period from the early 1980's to the early 1990's, a number of factors were identified which may have influenced trends in domestic petrochemical production, including the withdrawal of quantitative import controls and the progressive lowering of import tariffs, the depreciation of the rand in the mid-1980's, a slowdown in the growth of the domestic demand for petrochemicals, the fall in the international prices of petrochemicals in the early 1980's, and the fall in the international oil price in the mid-1980's. In view of the small size of the domestic petrochemical market it is recommended that local petrochemical producers should continue to expand their focus beyond that of producing solely for the requirements of the domestic market. In light of the key role played by the petrochemical industry in a modern economy, it is also recommended that the industry in South Africa receive more attention from policy makers than it has in the past.
- Full Text:
- Date Issued: 1995
The informal sector in the Eastern Cape: a case study of New Brighton and Kwamagxaki, Port Elizabeth
- Authors: Sofisa, Thembela Nicholas
- Date: 1991
- Subjects: Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions , KwaMagxaki (Port Elizabeth, South Africa)
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:934 , http://hdl.handle.net/10962/d1002667 , Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions
- Description: Recently, researchers have shown enormous interest in the informal sector due to extensive poverty and rising unemployment trend in the South African economy. These problems have worsened in the Port Elizabeth economy, as most entrepreneurs have scaled down their operations or liquidated their businesses due to a structural decline in the manufacturing sector and periodic recessions in the national economy. Undoubtedly, the informal sector has become a reasonable economic alternative as far as income accumulation and employment generation. The present study shows that the informal sector is characterised mainly by self-employment and also the income from this sector has also improved the standard of living of most sampled households in New Brighton and KwaMagxaki. The aim of this thesis, then, is to evaluate the nature, extent, meaning and influence of the informal sector in the Port Elizabeth Black economy. However, this can only be achieved once the informal sector is placed within the appropriate theoretical framework. This is done by comparing and contrasting the different conceptualisations of the informal sector in the literature. In conclusion, the thesis combines the different conceptualisations of the informal sector in the literature with the empirical evidence from the Port Elizabeth townships' informal sector. The important findings of the study are: The informal sector is mainly characterised by distributive activities than productive activities. Women comprised 62% of the informal sector. Economically-active members of the economy are in the informal sector. Education levels in this sector are relatively low. The informal sector is characterised by one-man businesses with few employees who are also family members. There was no trace of migrants in the informal sector. The informal sector is characterised by linkages. Informal income alleviates conditions of poverty. Policies have to implemented for the development of the informal sector. Twenty-three percent of the households in New Brighton were in the informal sector and only 6% in KwaMagxaki. Although, this study focuses in Port Elizabeth, it is the intention that the results presented will provide a broad overview of what the informal sector is.
- Full Text:
- Date Issued: 1991
The informal sector in the Eastern Cape: a case study of New Brighton and Kwamagxaki, Port Elizabeth
- Authors: Sofisa, Thembela Nicholas
- Date: 1991
- Subjects: Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions , KwaMagxaki (Port Elizabeth, South Africa)
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:934 , http://hdl.handle.net/10962/d1002667 , Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions
- Description: Recently, researchers have shown enormous interest in the informal sector due to extensive poverty and rising unemployment trend in the South African economy. These problems have worsened in the Port Elizabeth economy, as most entrepreneurs have scaled down their operations or liquidated their businesses due to a structural decline in the manufacturing sector and periodic recessions in the national economy. Undoubtedly, the informal sector has become a reasonable economic alternative as far as income accumulation and employment generation. The present study shows that the informal sector is characterised mainly by self-employment and also the income from this sector has also improved the standard of living of most sampled households in New Brighton and KwaMagxaki. The aim of this thesis, then, is to evaluate the nature, extent, meaning and influence of the informal sector in the Port Elizabeth Black economy. However, this can only be achieved once the informal sector is placed within the appropriate theoretical framework. This is done by comparing and contrasting the different conceptualisations of the informal sector in the literature. In conclusion, the thesis combines the different conceptualisations of the informal sector in the literature with the empirical evidence from the Port Elizabeth townships' informal sector. The important findings of the study are: The informal sector is mainly characterised by distributive activities than productive activities. Women comprised 62% of the informal sector. Economically-active members of the economy are in the informal sector. Education levels in this sector are relatively low. The informal sector is characterised by one-man businesses with few employees who are also family members. There was no trace of migrants in the informal sector. The informal sector is characterised by linkages. Informal income alleviates conditions of poverty. Policies have to implemented for the development of the informal sector. Twenty-three percent of the households in New Brighton were in the informal sector and only 6% in KwaMagxaki. Although, this study focuses in Port Elizabeth, it is the intention that the results presented will provide a broad overview of what the informal sector is.
- Full Text:
- Date Issued: 1991
Competition and segmentation : an analysis of wage determination and labour adjustments in manufacturing industry
- Authors: McCartan, Patrick John
- Date: 1986
- Subjects: Labour supply , Labour market , Competition , South Africa
- Language: English
- Type: text , Thesis , Masters , MA
- Identifier: vital:927 , http://hdl.handle.net/10962/d1001453
- Description: The thesis itself proceeds according to the following outline. Chapter One is concerned with the neoclassical theory of the labour market. Three particular models are surveyed all of which attempt to explain wage differentials and labour adjustments within a competitive equilibrium framework. The basic model of the labour market which rests upon the marginal productivity theory of labour demand, the utility-maximising approach to labour supply and the competitive theory of market equilibrium is dealt with first.This is followed by an outline of human capital theory which emphasises the crucial role played by education and training in determining individual earnings . Finally, attention is focused on disequilibrium wage models of adjustment which account for wage dispersion in terms of the amount and quality of information available to transactors in the labour market.(Introduction, p. 3-4)
- Full Text:
- Date Issued: 1986
- Authors: McCartan, Patrick John
- Date: 1986
- Subjects: Labour supply , Labour market , Competition , South Africa
- Language: English
- Type: text , Thesis , Masters , MA
- Identifier: vital:927 , http://hdl.handle.net/10962/d1001453
- Description: The thesis itself proceeds according to the following outline. Chapter One is concerned with the neoclassical theory of the labour market. Three particular models are surveyed all of which attempt to explain wage differentials and labour adjustments within a competitive equilibrium framework. The basic model of the labour market which rests upon the marginal productivity theory of labour demand, the utility-maximising approach to labour supply and the competitive theory of market equilibrium is dealt with first.This is followed by an outline of human capital theory which emphasises the crucial role played by education and training in determining individual earnings . Finally, attention is focused on disequilibrium wage models of adjustment which account for wage dispersion in terms of the amount and quality of information available to transactors in the labour market.(Introduction, p. 3-4)
- Full Text:
- Date Issued: 1986
Economic sanctions and South Africa
- Authors: Cooper, John Howard
- Date: 1983
- Subjects: Economic sanctions -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1045 , http://hdl.handle.net/10962/d1006137 , Economic sanctions -- South Africa
- Description: From Introduction: There are few more emotive and contentious contemporary issues of enduring nature than the subject of economic sanctions and South Africa. The controversy surrounding this issue has implications for the structure of international social, political and economic order. The threads of the debate are woven into the historical fabric of the past two decades, during which the acrimony of arguments both for and against sanctions on South Africa has increased. Indeed, for each argument in the debate can be found a counter-argument and "lies, damned lies and statistics" abound. The complex and widespread nature of the question has elevated a practical issue into the realm of theoretical analysis. This thesis is neither purely descriptive nor purely theoretical. It has essentially two focal points, firstly, an attempt at a systematic and reasoned investigation of the many claims and counter-claims, designed to put these arguments into a broad economic framework. There is generally a greater volume of pro-sanctions literature than anti-sanctions literature, some of which is freely available in South Africa, while some is restricted and some not available at all. However, this partial lack of accessibility would seem to pose no material problem of omission: as much of the literature is repetitive, the unavailable material is usually adequately "represented" by material which is available. Also a great part of the literature contains little or no economic analysis since it focuses more on political issues. In this respect the thesis tries to represent the main points of the broad arguments concerned rather than individual nuances and personal viewpoints. It is concerned with sanctions of an economic nature rather than wider sanctions that may affect South African citizens more generally, for example, sport and diplomatic boycotts, bans and restrictions on international travel, etc.
- Full Text:
- Date Issued: 1983
- Authors: Cooper, John Howard
- Date: 1983
- Subjects: Economic sanctions -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1045 , http://hdl.handle.net/10962/d1006137 , Economic sanctions -- South Africa
- Description: From Introduction: There are few more emotive and contentious contemporary issues of enduring nature than the subject of economic sanctions and South Africa. The controversy surrounding this issue has implications for the structure of international social, political and economic order. The threads of the debate are woven into the historical fabric of the past two decades, during which the acrimony of arguments both for and against sanctions on South Africa has increased. Indeed, for each argument in the debate can be found a counter-argument and "lies, damned lies and statistics" abound. The complex and widespread nature of the question has elevated a practical issue into the realm of theoretical analysis. This thesis is neither purely descriptive nor purely theoretical. It has essentially two focal points, firstly, an attempt at a systematic and reasoned investigation of the many claims and counter-claims, designed to put these arguments into a broad economic framework. There is generally a greater volume of pro-sanctions literature than anti-sanctions literature, some of which is freely available in South Africa, while some is restricted and some not available at all. However, this partial lack of accessibility would seem to pose no material problem of omission: as much of the literature is repetitive, the unavailable material is usually adequately "represented" by material which is available. Also a great part of the literature contains little or no economic analysis since it focuses more on political issues. In this respect the thesis tries to represent the main points of the broad arguments concerned rather than individual nuances and personal viewpoints. It is concerned with sanctions of an economic nature rather than wider sanctions that may affect South African citizens more generally, for example, sport and diplomatic boycotts, bans and restrictions on international travel, etc.
- Full Text:
- Date Issued: 1983
The term structure of interest rates in South Africa
- Authors: Dollery, Brian
- Date: 1976
- Subjects: Interest rates -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1083 , http://hdl.handle.net/10962/d1011180 , Interest rates -- South Africa
- Description: Since the late ' fifties the term structure of interest rates has attracted considerable attention from both theoretical and empirical economists. While potentially a very fruitful area for the application of the traditional methods of economic enquiry, the term structure has proved itself to be a potent testing ground for these tools, and consequently a wide range of sophisticated analytic devices have been introduced, Despite this, no general agreement has yet been reached and a number of crucial questions remain unanswered. It is our task in this dissertation to extend the enquiry into the South African context in an attempt to shed some light on the determination of the term structure of interest rates. Intro., p. 1.
- Full Text:
- Date Issued: 1976
- Authors: Dollery, Brian
- Date: 1976
- Subjects: Interest rates -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1083 , http://hdl.handle.net/10962/d1011180 , Interest rates -- South Africa
- Description: Since the late ' fifties the term structure of interest rates has attracted considerable attention from both theoretical and empirical economists. While potentially a very fruitful area for the application of the traditional methods of economic enquiry, the term structure has proved itself to be a potent testing ground for these tools, and consequently a wide range of sophisticated analytic devices have been introduced, Despite this, no general agreement has yet been reached and a number of crucial questions remain unanswered. It is our task in this dissertation to extend the enquiry into the South African context in an attempt to shed some light on the determination of the term structure of interest rates. Intro., p. 1.
- Full Text:
- Date Issued: 1976
Some aspects of the Franco-German economic relations between the two world wars
- Authors: Wolf, Hans J
- Date: 1970
- Subjects: Economic history -- 1918-1945 , France -- Economic conditions -- 20th century , Germany -- Economic conditions -- 20th century , France -- Foreign relations -- Germany , Germany -- Foreign relations -- France
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1067 , http://hdl.handle.net/10962/d1007687
- Description: From Preface: In this thesis I have aimed at covering a field in Economic History where not many suitable publications are available in English. During the interwar period, the maintenance of peace and harmonious international relations was directly dependent on a reconciliation of the conflicting interests between France and Germany. In studying the economic implications of the Franco-German antagonism, I have tried to throw light upon the crucial role which this relationship played. The Appendix offers a quantitative survey of economic conditions in the two countries and of the relevant production and exchange problems. To assist the reader who is not completely familiar with this period, a brief summary of the relevant conferences, agreements and treaties is also offered in the Appendix, as well as some short biographical notes. I would like to make it clear, however, that this thesis is neither supposed to be a paraphrase of the Appendix, nor a mere treatise on the commercial relations between the two countries concerned. I aimed rather at revealing the forces behind the events and at illustrating how economic problems became quite often subject to political and military considerations. When trying to attain some understanding of Franco-German relations, it seems advisable to look not only at the interbellum period, but in the first instance to become aware of the currents of history which finally led to the two disastrous World Wars.
- Full Text:
- Date Issued: 1970
- Authors: Wolf, Hans J
- Date: 1970
- Subjects: Economic history -- 1918-1945 , France -- Economic conditions -- 20th century , Germany -- Economic conditions -- 20th century , France -- Foreign relations -- Germany , Germany -- Foreign relations -- France
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1067 , http://hdl.handle.net/10962/d1007687
- Description: From Preface: In this thesis I have aimed at covering a field in Economic History where not many suitable publications are available in English. During the interwar period, the maintenance of peace and harmonious international relations was directly dependent on a reconciliation of the conflicting interests between France and Germany. In studying the economic implications of the Franco-German antagonism, I have tried to throw light upon the crucial role which this relationship played. The Appendix offers a quantitative survey of economic conditions in the two countries and of the relevant production and exchange problems. To assist the reader who is not completely familiar with this period, a brief summary of the relevant conferences, agreements and treaties is also offered in the Appendix, as well as some short biographical notes. I would like to make it clear, however, that this thesis is neither supposed to be a paraphrase of the Appendix, nor a mere treatise on the commercial relations between the two countries concerned. I aimed rather at revealing the forces behind the events and at illustrating how economic problems became quite often subject to political and military considerations. When trying to attain some understanding of Franco-German relations, it seems advisable to look not only at the interbellum period, but in the first instance to become aware of the currents of history which finally led to the two disastrous World Wars.
- Full Text:
- Date Issued: 1970
Industrial development in a border area: facts and figures from East London
- Authors: Barker, John Percy
- Date: 1964
- Subjects: Industrialization , East London (South Africa) -- Industries
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1078 , http://hdl.handle.net/10962/d1009504 , Industrialization , East London (South Africa) -- Industries
- Description: In the early 1950's the area of the eastern Cape Province adjoining the Transkei was the object of an intensive study known as the Border Regional Survey and five volumes have already been published. This work is a more detailed investigation of one aspect of the economy, namely the growth of manufacturing industry. Its importance lies in the fact that not only is the African population increasing rapidly, but that effective rehabilitation of peasant farming in the Transkei and Ciskei must necessarily displace large numbers from the land. Expansion of manufacturing industry would appear to be the most effective means of providing remunerative employment for these people. Moreover, the government has embarked upon a policy of encouraging the establishment of factories on the periphery of the Bantu areas, and the eastern Cape is an important area in this general scheme. It may well be the most crucial testing point of the whole policy of 'border industries', because with its large Transkeian hinterland it is the area most in need of expanding employment opportunities; but, at the same time, by reason of locational and other disabilities, it is the area in which industrial expansion may be most difficult to achieve.
- Full Text:
- Date Issued: 1964
- Authors: Barker, John Percy
- Date: 1964
- Subjects: Industrialization , East London (South Africa) -- Industries
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1078 , http://hdl.handle.net/10962/d1009504 , Industrialization , East London (South Africa) -- Industries
- Description: In the early 1950's the area of the eastern Cape Province adjoining the Transkei was the object of an intensive study known as the Border Regional Survey and five volumes have already been published. This work is a more detailed investigation of one aspect of the economy, namely the growth of manufacturing industry. Its importance lies in the fact that not only is the African population increasing rapidly, but that effective rehabilitation of peasant farming in the Transkei and Ciskei must necessarily displace large numbers from the land. Expansion of manufacturing industry would appear to be the most effective means of providing remunerative employment for these people. Moreover, the government has embarked upon a policy of encouraging the establishment of factories on the periphery of the Bantu areas, and the eastern Cape is an important area in this general scheme. It may well be the most crucial testing point of the whole policy of 'border industries', because with its large Transkeian hinterland it is the area most in need of expanding employment opportunities; but, at the same time, by reason of locational and other disabilities, it is the area in which industrial expansion may be most difficult to achieve.
- Full Text:
- Date Issued: 1964
Wages and employment of European women in industry in Durban, 1955/56
- Authors: Mesham, Noreen Ina
- Date: 1958
- Subjects: Women -- Employment -- South Africa , Wages -- Women -- South Africa -- Durban , Women -- South Africa -- Durban -- Economic conditions , Women -- South Africa -- Durban -- Social conditions , Durban (South Africa) -- Economic conditions -- 20th century
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1112 , http://hdl.handle.net/10962/d1013509
- Full Text:
- Date Issued: 1958
- Authors: Mesham, Noreen Ina
- Date: 1958
- Subjects: Women -- Employment -- South Africa , Wages -- Women -- South Africa -- Durban , Women -- South Africa -- Durban -- Economic conditions , Women -- South Africa -- Durban -- Social conditions , Durban (South Africa) -- Economic conditions -- 20th century
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1112 , http://hdl.handle.net/10962/d1013509
- Full Text:
- Date Issued: 1958
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