Explain what is meant by a foreign exchange shortage

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Reference no: EM131484971

Question: a Explain what is meant by a foreign exchange shortage.

b What is it that typically causes such a shortage of foreign currency for LDCs during their easy ISI phase of industrialization?

c When does a foreign exchange shortage become a foreign exchange crisis?

d What, in general, do countries need to do to overcome a foreign exchange crisis situation in the future?

Reference no: EM131484971

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