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
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line

1) The $787 billion stimulus package, "American Recovery and Reinvestment Act" passed in Winter 2009 contained a mix of tax rebates, tax credits and increases in various transfer p

Explain what economies of scale are and why they have become increasingly common in later years. Economies of scale - Enhance in fixed factors, but output enhances at a propo

leat cost factor combination

What are the two types of government cash transfer programs in the U.S., used to help households achieve income security?  Provide examples of each. The two kinds of government

Ways in which the markets fail and discuss why government intervention is justified and whether government intervention works or not.

if a country is managing its exchange rate what will do to counteract the effect of stock market bubble in this country? explain what central bank will do and show in supply and de

WHAT ARE THE PRACTICAL IMPORTANCE OF INCOME ELASTICITY OF DEMAND?

1. Select a data series that you wish to forecast. Make sure that it has some importance to you relative to business, future occupation or other special interest. Obtain monthly or

Accounting profit equals revenue minus all explicit costs, and economic. One profit is defined it should not be difficult to measure the profit of a firm for a given period. But tw