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The path to market integration, The Star

The path to market integration, The Star

Many of our export opportunities lie on the rest of the African continent, writes Nimrod Zalk BEFORE the global economic crisis there was a strong view among many economists and commentators that countries no longer needed to industrialise to develop. To a significant extent, this view also reflected in South African economic policy between 1994 and 2007, a period which ushered in the large-scale liberalisation of trade and capital flows. From 2008 onwards the importance of manufacturing and policy measures to support it began to find greater traction and are exemplified in the annual Industrial Policy Action Plan (IPAP), produced by the Department of Trade and Industry (the dtic).

 

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