Describe the concept of a national autonomy

Reference no: EM133641199

GLOBAL POLITICAL ECONOMY

One of South Africa's significant trading partners is the European Union (EU). The EU is a major destination for South African exports and a source of imports, contributing significantly to South Africa's international trade.

Question 1 Explain how fluctuations of the EUR/ZAR exchange rates would have an impact on South Africa. Justify whether these impacts would have been different if EUR/ZAR exchange rate was fixed.

Question 2 Describe the concept of a national autonomy and explain the relevance of this concept to South Africa, given its openness to trade with the EU.

Reference no: EM133641199

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