Abstract
ABSTRACT Reductions in the terms of trade results in shifts in relative profitibility and thus in economic activity: Import substituting industries are benefiting relative to export industries. Since the mid-seventies there were deteriorations in the international terms of trade and the domestic terms of trade of RSA's agriculture, especially that of agricultural primary products. The deterioration of the RSA exchange rate were since 1983 sufficient to compensate for inflation differentials, but agriculture experienced increasing financial pressure. More refinement of agricultural products may benefit agriculture. The South African agriculture has to concentrate on qualitative competition.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
