Economics and Finance

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Browsing Economics and Finance by Subject "Complex networks"

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    South Africa in the international arms trade network (ATN) during national party rule (1948-1994): a network analysis
    (Faculty of the Humanities, University of the Free State, 2015) Senekal, Burgert A.; Stemmet, Jan-Ad; Stemmet, Karlien
    South Africa is renowned for its arms industry, which was established under apartheid to counter external threats during the Cold War, increasing internal threats from the black majority, and internationally imposed arms embargoes. The country’s arms industry developed numerous novel and technologically advanced weapons systems, and the war in Angola meant that these weapons systems were proven in combat. While trade with the rest of the world became increasingly difficult as subsequent embargoes were imposed, the country’s perpetual conflicts demanded the import of weapons in any way possible, while the combat-proven nature of South African weapons systems allowed the country to export tried-and-tested weapons systems as well (at least until the late 1980s). This article uses network theory to investigate South Africa’s role in the global Arms Trade Network (ATN) from 1948 to 1994, and discusses South Africa’s overall role and trading partners. It is shown that, in terms of the trade relations in the ATN, South Africa was a central role player throughout the apartheid years, and that its role changed from importer to exporter in the later years.
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    South Africa in the international arms trade network (ATN) during national party rule (1948-1994): a network analysis
    (Faculty of the Humanities, University of the Free State, 2015-06) Senekal, Burgert A.; Stemmet, Jan-Ad; Stemmet, Karlien
    Network theory has become a key theoretical framework with which to study complex systems, and a large number of studies have investigated the structure of the World Trade Network (WTN) within this paradigm. This article follows Åkerman and Larsson‑Seim (2014) in investigating South Africa’s position in the international Arms Trade Network (ATN) from 1994 to the present within the framework of network theory and by using data provided by the Stockholm International Peace Research Institute (SIPRI). Using centrality measures such as degree, betweenness, closeness, and in‑ and out‑degree, the article shows that South Africa is a relatively important role player in this trade network, and specifically as an arms exporter. It is also discussed how South Africa’s position changed under the leadership of consecutive presidents, and it is shown that the country became more active during the presidencies of Thabo Mbeki and Jacob Zuma than it was under Nelson Mandela.