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the current account balance; the net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
External balances are critical to good economic policies.
by Abu Yahya February 14, 2009
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the current account balance; the net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
External balances are critical to good economic policies.
by Abu Yahya February 14, 2009
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