Titlebook: Gaining from Trade in Southern Africa; Complementary Polici Carolyn Jenkins (Research Officer),Jonathan Leape Book 2000 Palgrave Macmillan

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Compensatory Mechanisms,sfer some of the gains from regional trade liberalisation to those countries that benefit less from the new arrangements. The issue of compensation can become politically important in the negotiation of regional trade agreements, especially in the situation where one economy dominates, as in Southern Africa.

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Taxation and Fiscal Adjustment,. Failure to address any revenue shortfalls due to decreases in customs revenue will cause a deterioration of countries’ macroeconomic positions, which, as discussed in Chapter 2, are already fragile in a number of member countries. Failure to address the structural issues risks undermining the pote

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Carolyn Jenkins (Research Officer),Jonathan Leape

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Gaining from Trade in Southern Africa, standard of living or to lift large fractions of the population out of poverty. Explaining Africa’s poor growth performance and, more generally, the sharp differences in growth performance across countries and regions has been the focus of at least 14 studies in the 1990s. One conclusion to emerge

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Taxation and Fiscal Adjustment,ever, there may be adverse fiscal effects arising from two different sources. First, the losses in customs revenues due to falling tariffs on intra-regional trade and the effects of trade diversion could, for many countries, outstrip any gains in other tax revenues (arising from increased levels of