Abstract
Where there is a persistent balance of payments (BOP) disequilibrium (especially a deficit) corrective measures have to be taken in order to increase earnings from exports and reduce payments for imports. Basically, exports should be made relatively cheaper and imports relatively dearer by: reducing expenditure on imports; switching expenditure to increase exports and reduce imports.
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© 1994 Jack Harvey
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Harvey, J. (1994). The Correction of a Balance of Payments Disequilibrium. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_40
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DOI: https://doi.org/10.1007/978-1-349-13313-0_40
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60195-2
Online ISBN: 978-1-349-13313-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)