balance of trade oor Masedonies
balance of trade
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(economics, trade) The difference between the monetary value of exports and imports in an economy over a certain period of time.
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difference between the monetary value of exports and imports
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Kosovo has Southeast Europe 's lowest GDP, pervasive unemployment, and a lopsided balance of trade
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His Discourses upon trade (1691), published anonymously, argued against assuming a need for a favorable balance of trade.
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Measuring the balance of trade can be problematic because of problems with recording and collecting data.
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Data suggests a highly lopsided balance of trade
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Friedman presented his analysis of the balance of trade in Free to Choose, widely considered his most significant popular work.
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Germany was still in a dire economic situation, as six million people were unemployed and the balance of trade deficit was daunting.
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In export-led growth (such as oil and early industrial goods), the balance of trade will shift towards exports during an economic expansion.
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Adding to the argument that it was undesirable to strive for a favourable balance of trade, Hume argued that it is, in any case, impossible.
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The monetary balance of trade is different from the physical balance of trade (which is expressed in amount of raw materials, known also as Total Material Consumption).
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The balance of trade forms part of the current account, which includes other transactions such as income from the net international investment position as well as international aid.
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The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period.
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Nothing, however, can be more absurd than this whole doctrine of the balance of trade, upon which, not only these restraints, but almost all the other regulations of commerce are founded.
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As an illustration of this problem, when official data for all the world's countries are added up, exports exceed imports by almost 1%; it appears the world is running a positive balance of trade with itself.
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Mercantilism was driven by the belief that the wealth of a nation is increased through a positive balance of trade with other nations—it corresponds to the phase of capitalist development sometimes called the primitive accumulation of capital.
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During a time when Britain's balance of trade showed a growing deficit, with shrinking and increasingly protectionist continental markets due to the Long Depression (1873–96), Africa offered Britain, Germany, France, and other countries an open market that would garner them a trade surplus: a market that bought more from the colonial power than it sold overall.
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A close look at Kosovo’ s trade balance is telling-- of # billion euros in total trade, only # m euros are in exports
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It slowly cultivated into Meade's two books, The Balance of Payments (1951) and Trade and Welfare (1955).
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In the last few years of his life, John Maynard Keynes was much preoccupied with the question of balance in international trade.
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Factors that can affect the balance of trade include: The cost of production (land, labor, capital, taxes, incentives, etc.) in the exporting economy vis-à-vis those in the importing economy; The cost and availability of raw materials, intermediate goods and other inputs; Currency exchange rate movements; Multilateral, bilateral and unilateral taxes or restrictions on trade; Non-tariff barriers such as environmental, health or safety standards; The availability of adequate foreign exchange with which to pay for imports; and Prices of goods manufactured at home (influenced by the responsiveness of supply) In addition, the trade balance is likely to differ across the business cycle.
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One of the main objectives of economic policies should be to reduce the trade deficit and balance the import of goods, especially basic goods, " he said
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The # page programme includes solutions for three key problems in the Macedonian economy-- insufficient economic growth, unemployment and the deficit in trade and balance of payments
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This, however, led to a roughly # % of GDP improvement in both their trade balance and current account deficit in # as compared to
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Introduction of the VAT in early # is partly credited for the improved external trade balance
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Some South Americans see Mercosur as giving the capability to combine resources to balance the activities of other global economic powers, especially the North American Free Trade Agreement (NAFTA) and the European Union.
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His view, supported by many economists and commentators at the time, was that creditor nations may be just as responsible as debtor nations for disequilibrium in exchanges and that both should be under an obligation to bring trade back into a state of balance.
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