South Africa And The Global
Economy
Chapter 20
International Linkages Must import goods from other nations.
VOLUME: 4 South Africa & world as a
Several economic flows link the South
whole, volume of international trade
African economy with the economies
has been increasing. However, South
of other nations.
Africa’s volume of imports has
TRADE FLOWS: South African
exceeded the growth in exports which
exports goods and services
has negative implications for the trade
to other nations and imports goods and
balance.
services from them.
DEPENDENCE: South Africa = heavily
CAPITAL & RESOURCE FLOWS:
dependent on other countries for
South African firms establish
capital equipment and oil. A high
production facilities (investment) in
percentage of SA agricultural and
foreign countries and foreign firms
mineral sectors also rely on sales
establish production facilities in South
abroad.
Africa.
INFORMATION AND TECHNOLOGY Facts About South Africa
FLOWS: South Africa transmits ► South Africa has rich mineral
information to other nations about SA resources & world’s largest producer &
products, prices, interest rates and exporter of gold and platinum &
investment opportunities and exports a significant amount of coal.
received similar information from ►Exports amounted to 28% of the
abroad. GDP in 2012.
FINANCIAL FLOWS: Money is ►South Africa’s major trading
transferred between South Africa partners include Germany, China, USA,
and other countries for paying for Japan and the UK.
imports, buying foreign assets, paying ►South Africa produces 23% of
interest on debt and providing foreign Africa’s GDP.
aid. ►South Africa provides 45% of
South Africa And World Africa’s mineral production and 50% of
its purchasing power.
Trade ►South Africa is a member of the
World trade = very important 4 World Trade Organisation (WTO).
selected countries as well as openness. ►South Africa is a member of the
Openness = reflected in % of exports Southern African Customs Union
& imports in GDP. more open = 2 rest (SACU) and the Southern African
of world, higher exports & imports are Development Community (SADC).
as % of GDP. Many countries, w/
restricted resources & limited
domestic markets, cannot efficiently
produce goods citizens want.
Economy
Chapter 20
International Linkages Must import goods from other nations.
VOLUME: 4 South Africa & world as a
Several economic flows link the South
whole, volume of international trade
African economy with the economies
has been increasing. However, South
of other nations.
Africa’s volume of imports has
TRADE FLOWS: South African
exceeded the growth in exports which
exports goods and services
has negative implications for the trade
to other nations and imports goods and
balance.
services from them.
DEPENDENCE: South Africa = heavily
CAPITAL & RESOURCE FLOWS:
dependent on other countries for
South African firms establish
capital equipment and oil. A high
production facilities (investment) in
percentage of SA agricultural and
foreign countries and foreign firms
mineral sectors also rely on sales
establish production facilities in South
abroad.
Africa.
INFORMATION AND TECHNOLOGY Facts About South Africa
FLOWS: South Africa transmits ► South Africa has rich mineral
information to other nations about SA resources & world’s largest producer &
products, prices, interest rates and exporter of gold and platinum &
investment opportunities and exports a significant amount of coal.
received similar information from ►Exports amounted to 28% of the
abroad. GDP in 2012.
FINANCIAL FLOWS: Money is ►South Africa’s major trading
transferred between South Africa partners include Germany, China, USA,
and other countries for paying for Japan and the UK.
imports, buying foreign assets, paying ►South Africa produces 23% of
interest on debt and providing foreign Africa’s GDP.
aid. ►South Africa provides 45% of
South Africa And World Africa’s mineral production and 50% of
its purchasing power.
Trade ►South Africa is a member of the
World trade = very important 4 World Trade Organisation (WTO).
selected countries as well as openness. ►South Africa is a member of the
Openness = reflected in % of exports Southern African Customs Union
& imports in GDP. more open = 2 rest (SACU) and the Southern African
of world, higher exports & imports are Development Community (SADC).
as % of GDP. Many countries, w/
restricted resources & limited
domestic markets, cannot efficiently
produce goods citizens want.