AbstractIn a world of rapidly changing economic and political conditions, it is necessary to review the external economic policy of a country from time to time. On the one hand, we in South Africa should take note of the economic and political development taking place at such a rapid pace in Africa, and on the other hand, we should also pay attention to the modern tendency to form international trade blocs. The present state of affairs not only calls for protection and development of our international economic interests, but also for thorough planning of our future economic growth and development.
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