Foreign trade, Microeconomics

FOREIGN TRADE:

Interdependence between the economies of the world has increased multifold. External sector in the economy has gained primeimportance. Both exports and imports  contribute to the production process. Both of these are effective instruments in raising the income levels of the people in a developing economy. Apart from flow of goods, increasing flow of services and capital between the nations give rise to payments and receipts in foreign exchange which, in turn, influence the Balance of Payment's position. In this unit, we shall examine foreign trade and Balance of Payments, trade policy and various policy measures for rapid growth of exports. Let us begin with explaining  the relationship between foreign trade and economic growth.  

Posted Date: 11/15/2012 12:13:08 AM | Location : United States







Related Discussions:- Foreign trade, Assignment Help, Ask Question on Foreign trade, Get Answer, Expert's Help, Foreign trade Discussions

Write discussion on Foreign trade
Your posts are moderated
Related Questions
With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of

explain the fundamental task of economic system usin tomatoes as an example

You've been contacted by a local semi-professional team in Colfax, known locally as the Colfax Thunder. They play their home games at the HS baseball park for only $100 per month.

THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she

Explain how Monetarist economics views the role of markets and government intervention in fighting business cycles. Monetarist economics believes that the government should fol

a severe restriction occurs to the availability of consumer credit throughout the banking and finance system

Suppose that the price of schooling is $20 per year of schooling and it suddenly rises to $40. Compute the point price elasticity of demand at the initial price level and at the fi

Building up a Stable and Viable Export Production Base: It is necessary to make a deliberate production plan and to earmark a part of production for export even if there is a

I need help finding the future worth given the initial investment, MARR, and profit over a period of time.

Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?