International Trade and South African Rand

One of the first changes made by the IMF after instituting Jamaica a loan was the devaluation of the Jamaica currency. Even though the devaluation of the currency made exports from Jamaica cheaper to purchase, Jamaica is a country that relies on imports to survive, and devaluation makes imports extremely expensive. This then decreased the amount that Jamaica could import, and with already decreased government spending, Jamaica could not sustain itself with enough goods.

South Africa is a primary-sector economy, which produces gold and agricultural goods and is therefore primarily product dependent. Primary product dependency is a constraint on economic development. The dependency makes South Africa very vulnerable in the event of natural disasters. Furthermore, downward price fluctuations caused by exchange rate movements or variable harvests can have a devastating impact due to the low price elasticity of demand for primary products.

There are still gaps in the economy of South Africa post apartheid. This is due to the migrant labour decrease which resulted to increased unemployment. Certain parts of the country being independent states which were former homelands of migrant labourers have lost large amounts of their income resulting to the great obscurity. The social and political manoeuvres post apartheid and the re-incorporation of Venda into the now known, Limpopo created the now visible economic inequality or rather uneven distribution of wealth (McNeil). The people of Venda like of Owerri associate quick wealth with

Analyze the impacts of interregional trade in either Africa or the Americas during the period 600 BCE - 1200 CE.

Germany’s imperialist experience in Namibia came with several advantages. These advantages were of a political and economic nature. Benefits experienced included an increase of trade with other powers, an increased amount of political influence, and the control over valuable resources in South West Africa. Firstly, Namibia contained many valuable resources, which Germany had control over. Resources in Namibia included diamonds, rubber plantations, copper, lead and gold (Unknown Author, 2004). This stockpile of valuable resources meant that Germany could make massive profits if the correct steps were taken. Out of all of these commodities, not only is diamond the most valuable, but it was the most abundant in South West Africa. Access to these minerals greatly expanded Germany’s portfolio of tradable commodities. Secondly, Germany received large profits from trading its colony’s resources with other powers colonies. The direct trade between Germany and Britain colonies in 1910 was nearly 630 000 British pounds. Over two thirds of this income was from South West

In spite of indications of monetary development, expanding joblessness and absence of buyer acquiring power keep on presenting awesome difficulties for the nation. Deficiency of abilities and moderately low broad instruction levels additionally posture impediments to Angola's financial advancement. Even though Angola has been in a bit of a recession economy will begin to recover in 2017. Who knows doing business with us might just change their economy status. Despite the ups and down of Angola economy doing business with them may benefit the both of

Both Namibia and Mongolia in my opinion are developing countries that are striving to get wealth. After seeing their lifestyle, it is evident that the family makes less then six thousand dollars a year. I was most surprised to see that the families were happy with their lifestyle. These two families are both from developing countries, however, they have very drastic distinctions between the way their child develops. The cultures of both Ponijao and Bayar are collectivistic because they value their way of life and obey their culture. The community or the tribe in Namibia worked as a whole to better their community. The children were taken care of by all the members of the tribe and not just their mother. The one thing I found most shocking was in Namibia and Mongolia, I only saw a female figure, which makes me believe that in their culture, it is the mothers responsibility to watch and help the child develop. Even though Namibia and Mongolia are not developed countries, the development of the child was not

Angola is a large country, not quite than twice the size of Texas, located in Southwestern Africa. The country is bordered by the South Atlantic Coast, with four major ports, as well as by several other African countries including but not limited to Namibia and The Democratic Republic of the Congo. Angola has many different types of terrains and landscapes, full of rivers and mountains, as well as climates, from damp and tropical to dry and desert-like. The country is full of rich natural resources and is promising for a variety of types of agriculture therefore making it a hot commodity during the “Scramble for Africa” after The Berlin Conference.

In order to do so, it is of the utmost importance that the region develops the infrastructure to expand the production capabilities so that counties might identify their relative strengths in the global market. The current singularity of production capabilities in Africa is not due to the aforementioned beneficial specialization strategy, but rather, it is the result of the lack of skills and resources to branch into high skilled labor segments of the economy like technology. Diversification is a trusted and true strategy for developed nations and will serve as an essential building block in the economic transformation of

The superimposing factor that gives South Africa such an advantage over other prospective African business environments is that it possesses of a very powerful and sophisticated vantage-point geographically. South Africa is strategically located for manufacturing and exportation into several regions globally and can be an unmitigated platform for MNC’s who may be interested in a venture within this region. The important advantages include regional competitiveness, combined with reduced operational costs and a significantly prominent market access (Safrica.info, 2011).

The economy of Namibia is linked to the economy of South Africa. This means that the Namibian economy is highly sensitive and exposed to fluctuation of inflation and interest rates in the South African Market. Two main factors that currently have a direct impact on inflation and interest rates on the South African economy, is the monetary value of the South African Rand against the US dollar as well as the acceleration/increase in the price of crude oil price by 23 percent in New York this year, reaching a record price of $118.05 a barrel.

The current account is one of the components of the Balance of Payment together with the capital and financial account and the reserve assets account. This represents the difference between a country’s savings and its investment and it is defined as the sum of the payments of goods and services bought from foreigners, net income from abroad and net current transfers. When the current account is in deficit, it means that the country’s net sales abroad value is negative, while it is in surplus when this value is positive. The current account must balance, so surplus of one nation means deficits of another.

The country is a key investor within the East African commmunity, while the largest chunk of intraregional trade is due to Kenya. However, economic

The Himba tribe, approximately 12,000 to 18,000 people, can be found in the Kunene region, which borders Namibia and Angola. Living in the harsh environment of a semi-arid savanna divided by rocky terrain of Northwestern Namibia, the people live a pastoral, nomadic life for as long as 200 to 300 years. The Himba are a resilient band of people who sustain themselves from the product of their herds. However, since the rise of SWAPO (South West Africa People’s Organization) to power after Namibia’s independence in 1990, the Himba’s land has been on the risk modernization through the development of a proposed Epupa dam. In the recent decades, SWAPO became known for its human right violations particularly its marginalization of the Himba and its neighboring tribes. The Namibian government is insensitive to the traditional life of the Himba people. Due to Namibian’s broken legal system, the government has no political incentive to acknowledge the legal rights of the Himba over the Kunene region. (Jacobsohn, 1995) The Namibian government views the Himba to be traditional and in need of development. (Friedman, 2006) This paper will discuss the following factual circumstances surrounding the nexus between SWAPO and the Himba: the past and present changes that occurred in the Himba community because of contact, background history of the relations between the Himba and SWAPO, overview of the proposed Epupa Falls dam and its possible consequences, and the Himba’s response to the

However, Zimbabwe 's increased commitment to fiscal discipline and its adoption of the U.S. dollar as their currency have brought some encouraging signs towards macroeconomic stabilization. Yet, Zimbabwe 's economy is still in a delicate state with high unemployment, depleted international reserves and unsustainably high external debt. This socio-political environment, combined with the controversial land reform, triggered the withdrawal of support from the international community and cast a shadow over property rights, thereby undermining the business