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Essay / Research Paper Abstract
A 7 page paper answering three questions regarding the economics of international trade. The paper discusses balance of payments; forward exchange rates; and real exchange rates. Bibliography lists 6 sources.
Page Count:
7 pages (~225 words per page)
File: CC6_KSeconIntlTrad.rtf
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Unformatted sample text from the term paper:
Balance of payments is a countrys net current and capital accounts relative to foreign exchange. This includes payments for and receipt of payment for imports and exports; international
capital exchange; and tourists transfers of capital (Carrasco, n.d.). Negative current accounts indicate that a country is importing more than it exports, which is the case in the United
States. In the bilateral relationship in which one country receives more imports from one other country that country 2 in turn imports from
country 1, the currency of the country with the negative trade balance likely will decline relative to the currency of the country with the positive trade balance. This relationship
does not always hold when developing nations are involved. It is expected that developing nations will be in disequilibrium in either direction - either the developing nation will be
importing goods it needs and cannot produce itself, or it will be relatively self-sufficient and working to build an export-driven economy. In such case it can carry a positive
trade balance. This generally is not the case, but it can occur. And actively trading developing nation also is likely to be the recipient of foreign direct investment
(FDI), which serves to keep its total balance of payments less negative than they would be without the presence of foreign capital invested in the country.
Other than the United States, the United Kingdom and Australia have negative trade balances. The International Monetary Fund (IMF) offers full information in "Balance of Payments
and International Investment Position Statistics," the most recent of which was updated April 25, 2005 and can be ordered at http://www.imf.org/external/np/sta/bop/bop.htm. Forward Exchange Rates
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