This chapter provides a comprehensive review of classical and modern theories of international trade, contextualized within the African experience. It begins with foundational theories such as mercantilism, absolute cost advantage, comparative cost…
The need to re-engineer growth in Africa has become increasingly glaring in the face of the prevailing economic shocks that exposed their inadequate productivity power for basic and vital food and drugs. According to the World Bank and several other…
This paper, presented at the 2nd SADC Community Law Seminar, critically examines the role of the Southern African Development Community (SADC) legal infrastructure in promoting women’s economic empowerment as a pathway to regional trade and…
This policy paper explores the crucial intersection of e-commerce and financial architecture in the context of trade in services in Lesotho. According to the World Bank, the services sector accounted for 49.17% of Lesotho's GDP in 2021, followed by…
This policy brief, presented at a research seminar organized by the National University of Lesotho – WTO Research Chair, explores the role of international trade in services, with a particular focus on e-commerce and its implications for the Lesotho…
International trade remains one of the key indicators of economic welfare of any economy. It directly increases foreign exchange earnings, meets consumer demand for foreign goods and increases production. Indirectly, it potentially increases…
This study empirically examines the causal relationship between trade openness and economic prosperity in South Africa with quarterly data from 1970 to 2017. The analysis is disaggregated into pre-1994 and post-1994 to capture the economic situation…
Orientation: Agriculture is key to South Africa’s economy, but exports face high transport costs, logistical bottlenecks, and infrastructure constraints, limiting competitiveness.
Research purpose: To examine how transport costs and logistical…
This research paper explores the dynamic relationship between trade openness, financial development, and economic growth in Lesotho. The study utilizes quarterly time series data spanning from 1970 to 2021, obtained from the Central Bank of Lesotho…
In today’s interconnected global environment, the significance of trade facilitation in propelling international trade and fostering economic growth cannot be overstated. It focuses on creating an environment that promotes smoother, faster, and more…