Study Impact Of Anti-Dumping Policies On Global Value Chains

Added on -2020-02-05

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IMPLICATIONS OF ANTI-DUMPING MEASURES FOR GLOBAL VALUE
CHAINS - THE CASE OF SOUTH AFRICA
A Dissertation
Presented to
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016
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ABSTRACT
Antidumping policies have developed into essential trade elements in the local and global
markets as they can facilitate the adoption of favorable trade policies. The introduction of
antidumping policies in South Africa across GVCs has remained instrumental as they have
directly influenced the social and economic structures of GVCs and local businesses
operating in the region. Anti-dumping policies remain crucial in the development of a
competitive and fair business environment. The study explores the impact of anti-dumping
policies on GVCs in South Africa through a review of the economic, financial, cultural and
social influences of the policies on the local businesses and environment. The review of anti-
dumping policies and consequent impact on GVCs remained crucial in the identification of
the importance and impact of policy on local and global businesses. The analysis provides an
exploration of the impact of globalization and a changing business environment on the
workings of an organization and the global market. The study adopts a quantitative analysis
that utilized correlation analysis in identifying the impact of anti-dumping policies on GVCs.
The results highlight the importance of anti-dumping policies and consequent impact GVCs
in South Africa. The majority of the study respondents maintain that the adopted anti-
dumping measures remained in-line with the adopted global trade objectives, but also
highlighted the existence of a shortfall within the policy implementation process in South
Africa. The majority of the respondents maintain that there was no need to remove the
historically adopted policies as they remain relevant to the modern day trade processes.
However, the study respondents maintain that several additions and changes may be
incorporated to cater to the changing trade needs presented by the market. The adoption of
recommendations would facilitate the development of a strong trade policy that would
promote the strengthening of regional ties. Therefore, the majority of respondents remained
in favor of the AD policies in relation to competitive policies and promoted the adoption of
additional policies relating to the reduction of labor disruptions, improved infrastructure and
the education system. The development of effective manufacturing and implementation
systems together with adoption of effective logistical processes would facilitate the adoption
and success of the existent trade regulations.
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TABLE OF CONTENTS
ABSTRACT...............................................................................................................................4
TABLE OF CONTENTS...........................................................................................................5
LIST OF TABLES...................................................................................................................10
LIST OF ACRONYMS............................................................................................................11
1CHAPTER ONE....................................................................................................................12
1.1General background of the study.....................................................................................12
1.2Research background......................................................................................................21
1.3Problem statement...........................................................................................................24
1.4Overview in methodology...............................................................................................25
1.4.1Research strategy......................................................................................................25
1.4.2Research design........................................................................................................26
1.4.3Data collection and instrumentation.........................................................................26
1.4.4Data collection procedures.......................................................................................26
1.4.5Data analysis.............................................................................................................27
1.4.6Ethical considerations...............................................................................................27
1.5Delimitations of the study...............................................................................................27
1.5.1Nature and size of sample........................................................................................28
1.5.2Uniqueness of the setting.........................................................................................28
1.5.3Time-period of the study..........................................................................................28
1.5.4Limitations of methods used....................................................................................28
2CHAPTER TWO
LITERATURE REVIEW.........................................................................................................29
2.1Ansoff Matrix..................................................................................................................32
2.1.1Evaluation of strategic options ................................................................................34
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2.2THE CONCEPT OF FREE TRADE...............................................................................35
2.3THE CONCEPT OF DUMPING....................................................................................36
2.4Trade defence measures..................................................................................................37
2.5Productivity.....................................................................................................................40
2.5.1Employee engagement.............................................................................................41
2.5.2Leadership................................................................................................................42
2.5.3Change......................................................................................................................43
2.6Global digital economy...................................................................................................44
2.7FDIs: Foreign business partnerships perspective............................................................45
2.7.1The theory of foreign direct investment (FDI).........................................................46
2.7.2Factors influencing the growth of FDIs ..................................................................47
2.7.3The role of GVCs in South Africa’s economy.........................................................48
2.7.4Key factor in economic reform................................................................................49
2.8Significance role in industrial upgrading........................................................................49
2.9CHAPTER SUMMARY.................................................................................................51
3CHAPTER THREE
METHODOLOGY...................................................................................................................52
3.1Overview.........................................................................................................................52
3.1.1Chapter organisation.................................................................................................52
3.2The research philosophy..................................................................................................52
3.2.1The research approach..............................................................................................54
3.3The research design.........................................................................................................55
3.3.1Population and sampling..........................................................................................56
3.3.2Data collection..........................................................................................................58
3.3.3Data analysis.............................................................................................................60
3.4Addressing validity and reliability in quantitative research............................................61
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3.4.1Validity.....................................................................................................................61
3.4.2Reliability.................................................................................................................62
3.5Ethical considerations......................................................................................................62
3.6Conclusion.......................................................................................................................63
4CHAPTER FOUR
RESEARCH FINDINGS.........................................................................................................65
4.1Introduction.....................................................................................................................65
4.2Descriptive statistics........................................................................................................66
4.2.1Age and gender profiles of the respondents.............................................................66
4.2.2Experience of the respondents in the retail industry sector in South Africa............67
4.2.3Reaction of the South African market to the anti-dumping policies imposed on
global value chains (GVCs) operating in the country......................................................68
4.2.4Reaction of the sales and market growth of GVCs, as a result of the anti-dumping
policies in the country......................................................................................................69
4.2.5Role of AD policies in facilitating effective competition in South Africa...............70
4.2.6The perception of the government on the adoption of additional AD policies........71
4.2.7The understanding of South African businesses on the impact of AD on GVCs and
local businesses................................................................................................................72
4.3Correlation analysis.........................................................................................................73
4.4Conclusion.......................................................................................................................76
5CHAPTER FIVE
DISCUSSION..........................................................................................................................77
5.1Introduction.....................................................................................................................77
5.2Summary of the findings.................................................................................................77
5.3South Africa’s Anti-Dumping measures.........................................................................78
5.4Implementation of Anti-Dumping measures in South Africa.........................................79
5.5Industries benefitting from AD measures.......................................................................80
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5.6Factors influencing the adoption of protection measures and the impact on local
businesses.............................................................................................................................81
5.6.1Competition..............................................................................................................81
5.6.2Promotion of local businesses..................................................................................82
5.7Product protection...........................................................................................................83
5.8Key Challenges faced by local businesses......................................................................83
5.9Impact of Anti-Dumping measures on business and economic growth..........................84
5. 10Chapter summary.........................................................................................................85
CHAPTER 6.............................................................................................................................85
Conclusion and recommendations........................................................................................85
Recommendations............................................................................................................87
REFERENCES.........................................................................................................................89
APPENDICES..........................................................................................................................94
1Appendix I: Participant information sheet .......................................................................94
2Appendix II: Questionnaire................................................................................................96
3Appendix III: Informed consent for participants..............................................................102
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