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The contribution of services to trade and development in Southern Africa

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  • Justin Visagie
  • Ivan Turok

Abstract

Services are the fastest growing portion of world trade and now account for nearly a quarter of global exports. This presents opportunities for emerging economies to adapt and enter new markets. Many countries in southern Africa have struggled to diversify from a heavy reliance on primary commodities towards manufacturing industries. Tradable services could contribute to economic growth and development by bolstering industrial capabilities, facilitating productivity growth, and contributing directly to exports.

Suggested Citation

  • Justin Visagie & Ivan Turok, 2019. "The contribution of services to trade and development in Southern Africa," WIDER Working Paper Series wp-2019-37, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2019-37
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    References listed on IDEAS

    as
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    Keywords

    Tradable sectors; Services; International trade; Southern Africa;
    All these keywords.

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