Assignment Writing on Topic ‘Balance of Payments in Economics’

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Let’s find here some information on assignment writing which could help you understand the subject, ‘Balance of Payments in Economics.’Those Balance of Payments Accounts that are a part of a nation’s national income accounts are itsinternational transactions. Balance of payments is equipped with the information as to how these accounts are made. The present day economies undergo the international trade of merchandise and services along with the international borrowing and lending. 

The financial markets have undergone internationalization and this implies the US savers can purchase German government bonds, shares and domestic assets. US has an open economy. Hence, the citizens of this country have the privilege of enjoying the services and products from all over the globe. Moreover, the entrepreneurs of this nation eventually find new markets and consumers for their products abroad. Along with this, the US firms which want to fund investment projects can now borrow in London, Tokyo and New York.

Some people may think that an open economy of a country being able to spend more than it produces might be great. But the fact is that this can be considered as an opportunity as well as a potential problem. For in instance, United States financed a massive amount of imports over exports during the years 1980s and 1990s with the help of borrowing from abroad. And this helped the American citizens enjoy such levels of consumption, government purchases and investment which they could not have otherwise. On the other hand, they incurred foreign debts which is a burden on any nation’s economy. Be it a developed or developing nation, borrowing from abroad is easy and fruitful in some areas but at the same time, it surely brings in debts which can take years to get paid off completely. 

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