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In: Economics

question1 which globalized EAC that South Africa can export fresh products ?

question1

which globalized EAC that South Africa can export fresh products ?

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Expert Solution

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Please find below answer to your question

Introduction :

The movement of goods, services, finance, and human resources across national borders has been driving socioeconomic and political globalization, especially in the past six decades. Historically, international trade theories have attempted to explain the reasons why countries trade and the benefits are derived from such transactions

List of Globalized EAC

A) South Africa is the second largest producer of gold and is the world's largest producer of

1.chrome

2.manganese

3.platinum

4.vanadium

5.vermiculite

B) The second largest producer of ilmenite, palladium, rutile and zirconium.

C) It is also the world's third largest coal exporter.

Although, mining only accounts for 3% of the GDP, down from around 14% in the 1980s.

D) South Africa also has a large agricultural sector and is a net exporter of farming products.

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