Effects of Devaluation by keypoint Makes exports cheaper Makes imports expensive Leads to improve balance of payments Leads to expansion of local industries. Las to creation of employment opportunities Leads to increase living standard. Leads to increased exports as against imports. Others are Viewing: DEFINITION OF DEVALUATION BARRIERS TO INTERNATIONAL TRADE UNFAVOURABLE TERMS OF TRADE UNFAVOURABLE BALANCE OF PAYMENTS CAUSES OF UNFAVOURABLE BALANCE OF PAYMENT Disadvantages of Restriction of International Trade DEFINITION OF EXPORT DRIVE