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World countries have become more integrated through globalisation and more occupied by the development/improvement of their own countries. As a result the South African State has been awarded its sovereignty and is currently an independent and autonomous state.
In relation to trade agreements South Africa must adhere to, have been dictated by the global market forces and the powerful dominating institutions of the global economy. Such institutions include the Trans-national Corporations (TNCs), International Monetary Fund (IMF), World Bank and the World Trade Organisation (WTO). Trade agreements involve tariff reductions, privatisation, and the reduction of exchange controls...
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