Date Added: Jul 2009
The analysis has identified the sources of economic growth in South Africa against the backdrop of international economic developments. Between 1870 and 1914, the international regime was one of free capital flows - both direct and portfolio - and free trade. This allowed the diamond and gold industries to establish themselves, the latter requiring and receiving large direct capital inflows. Exports of agricultural goods were also facilitated by a free trade regime. Investment in infrastructure was also substantial.