SUGGESTED CORRECTIONS TO DEFICIT UNFAVOURABLE BALANCE OF PAYMENTS

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  1. There should be a reduction of the volume of imports through trade restriction.
  2. Raising loan from rich countries.
  3. Getting assistance from the international monetary fund.
  4. Receiving aids and grants from other countries.
  5. Sales of foreign assets or investment
  6. There should be increased exports through export services. E.g. the creation of export guarantees credit and insurance scheme. 
  7. Devaluation of currency.
Others are Viewing:
  1. INTERNATIONAL TRADE
  2. THE LAW OF COMPARATIVE COSTS ADVANTAGE
  3. ADVANTAGES OF INTERNATIONAL TRADE
  4. DISADVANTAGES OF INTERNATIONAL TRADE
  5. FREE TRADE AND RESTRICTION
  6. FOREIGN EXCHANGE
  7. FOREIGN EXCHANGE RESERVE

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