Which of the following statements about South Africa's post-1994 reintegration into the world economy is NOT true?
A) It has resulted in deep and lasting economic disruptions, just as we see in the post-communist transitions in Eastern Europe.
B) It has prompted an outflow of South African investment to other countries.
C) It has led to increased trade with other African countries.
D) WTO-mandated tariff reductions initially led to heavy job losses in the textile and clothing industries.
E) Although initially having a negative impact, reintegration has generally been beneficial, leading to a stronger economy.
Correct Answer:
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