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04 September 2019
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Story Rulanzen Martin
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Photo Sonia Small
With the second semester well underway, you may feel overwhelmed by the academic pressure and you aren’t sure how to find your way out of this maze. Some first-years are still trying to cope with the hectic academic workload, and our soon to be graduates are contemplating how they will find their feet in the post-university world.
The new edition of Kovsie Advice by the Advising Team in the Centre for Teaching and Learning (CTL) would like to help you get ready for the busy academic times ahead. But they would also like to dedicate this edition to helping you align your tasks and efforts with the end goal – that dream job!
In this edition, ideas and resources are shared to help you align your academic journey with your career aspirations.
Enjoy the journey!
The UFS Advising team
Cornell academic focuses on international trade in inaugural lecture at the UFS
2013-11-12
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Prof Muna Ndulo
Photo: Stephen Collett
12 November 2013 |
Prof Muna Ndulo, Professor at the Cornell Law School, delivered his inaugural lecture as Extraordinary Professor in the Department of Mercantile Law at the University of the Free State (UFS). The topic of his lecture was: Facilitating regional and world trade through international trade.
With this topic, Prof Ndulo said that trade is a recognised contributor to the Growth Domestic Product of countries and its role can be used to reduce global poverty and inequality. “Although Africa’s GDP is 5-6% on average, with a positive increase in direct foreign investments, its meaningful participation in world trade has been decimal,” he said.
Trade between African countries is 12%, which is the lowest in the world. This is in comparison to intercontinental trade in European states (72%), North America (48%), Asia (52%) and 26% in Latin America. The EU and USA are Africa’s key export markets. High transport costs, import substitution, intra-regional transactions, conflict of rules and bills of exchange remain as challenges. There are also no common standards with regards to the development of manpower as an important factor in production.
Prof Ndulo suggested solutions which Africa can use to achieve harmonisation. This includes the introduction of normative rules designed in a framework of a treaty. A modern law approach could be used to develop legislation and ensure uniformity; and lastly, the formulation of commercial customs and practice. “Harmonisation demands a high level of expertise and quality research,” said Prof Ndulo.
He added: “When legislation is developed, it must resemble the needs of our trade laws in order to maximise benefits.”
He concluded that, for harmonisation to be achieved, the political environment must play a major role in regional and world trade.
Prof Elizabeth Snyman-Van Deventer, Head of the Department of Mercantile Law, made sincere closing remarks on how much we as a continent have become an enemy of our own self by not having trade relationships among ourselves as Africans. Prof Snyman urged those in the legal fraternity to be part of the harmonisation of trade laws and eliminate the barriers by improving legislation.