The article analyses speci c historic features of formation of agrarian and industrial sectors of Republic of South Africa since the establishment of Cape Colony. These features resulted from much earlier colonization of South Africa in comparison with other Sub-Saharan African countries on the one hand and from a large-scale in ux of Europeans to the South Africa on the other hand. The two most im- portant of these speci c features are the following. First. Contrary to other countries of Sub-Saharan Africa development of the agrarian sector of Republic of South Africa was based on private property and western technologies from the start. Second. The sector is not divided into «African» and «European» sub-sectors, and South-African agricultural produce has always been oriented to both: external and internal markets.
Development of industrial sector of Republic of South Africa started with creation of extractive in- dustries, namely: extraction of diamonds and of gold. The authors speci cally emphasize the role of gold extraction which grace to its e ect of multiplicator opened the way for industrial revolution in the South of Africa. Development of manufacturing was mainly based on import-substitution. The article argues that there were several stages of import-substitution and analyses their outcomes. The authors point out to the special importance of import-substitution during the period of I World War and II World War.
Key words: national economic system, agrarian sector, industrial sector, import substitution, Republic of South Africa.
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