BOP deficit and how to overcome..
Dear student,
When autonomous payments are more than autonomous receipts, BOP is said to be in deficit.
The measures to overcome BOP deficit are:
1) Exports should be encouraged.
2) Restrictions and Import Substitution are other measures of correcting disequilibrium.
3) Devaluation and depreciation.
Regards
When autonomous payments are more than autonomous receipts, BOP is said to be in deficit.
The measures to overcome BOP deficit are:
1) Exports should be encouraged.
2) Restrictions and Import Substitution are other measures of correcting disequilibrium.
3) Devaluation and depreciation.
Regards