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IMPACT OF ANTI‐APARTHEID SANCTIONS ON SOUTH AFRICA: SOME TRADE AND FINANCIAL EVIDENCE
Author(s) -
KAEMPFER WILLIAM H.,
MOFFETT MICHAEL H.
Publication year - 1988
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1988.tb00551.x
Subject(s) - sanctions , economics , exchange rate , capital flight , economic sanctions , government (linguistics) , international economics , investment (military) , capital (architecture) , economic policy , development economics , international trade , monetary economics , political science , market economy , geography , incentive , linguistics , philosophy , archaeology , politics , law
Economic sanctions against South Africa presumably are intended to cause economic damage. Trade sanctions should induce the South African terms of trade to deteriorate, and investment sanctions should cause capital flight and cause the exchange rate to deteriorate. However, due to the nature of the South African economy and to certain policies of the South African government, these impacts may be difficult to achieve.