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Environment of Global Finance - Coggle Diagram
Environment of Global Finance
Macroeconomic variables
Imports
More than exports
Unfavourable balance of trade
Trade balance
Exports
More than imports
Favourable balance of trade
Exchange rates
Visible trade
Deficit in trade balance
Reduce imports
Tariffs and quotas
Invisible trade
Exchange of services
Immigrant remittances
Sending money home
Devalue its currency
Imports more expensive
Exports more competitive
Combine devaluation
Reasonable level of employment
Low rate of inflation