The Dependent Economy: Lesotho And The Southern African Customs Union

1969 agreement African Customs Union agricultural average Bank of Lesotho bantustans Basotho Basutoland BLS countries Botswana Bureau of Statistics capital Central Bank chapter Common Monetary Area comparative static compensation consumers consumption costs currency customs and excise customs revenue customs union agreement customs union area Customs Union Commission customs union revenue dependence on South domestic production economic development economic integration effects employment established Ettinger exchange rate excise duties exports factor figure fiscal foreign government revenue growth Ibid imports income increased industrial development industrial production investment Kingdom of Lesotho Kizilyalli labor migration Lesotho and Swaziland Lesotho Bureau loss manufacturing Maseru ment million maloti Moshoeshoe partners payments percent political rand region result revenue-sharing formula sales duties sector smaller countries Sotho South Africa South African market South African rand Southern African Customs territories Trade and Industry trade creation trade diversion transport wages World Bank