IMPACT OF EXPORTING AND IMPORTING ON SOCIAL-ECONOMIC DEVELOPMENT: A CROSS-COUNTRY STUDY OF SOUTH AFRICA AND BRAZIL.

This paper tests the predictions of various conflicting theories on international trade and development by examining the impact of exporting and importing on economic level and basic needs in two developing countries of two different developing regions of the world; one in Latin America & Caribbean, and one in Sub-Saharan Africa. The two countries are Brazil and South Africa, respectively. Using fifteen-year lagged data that spanned 1984-2019, the paper finds that exporting tends to have negative and significant impact on both economic level and social basic needs in these two countries. Importing, on the other hand, was found to have positive and significant impact on economic level, and social basic needs in both countries. Implications of these findings for public policy and international trade theory development are discussed, and directions for future research are given. [ABSTRACT FROM AUTHOR]