ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Black Politics in US-Shift in Political Mood

announced recently, all advantages will be lost. A higher duty on imports means that raw material for our exports will be costlier increasing the price of exportable goods. The price rise in petroleum will result in an overall increase in prices affecting production costs, hence making our exports more costly. Thus, the price advantage which we may have gained due to the devaluation will quickly be dissipated by the subsequent substantia] price rise in the economy. The net effect on the balance of trade may well be negative as exports fall and the price and value of imports rise.

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