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Environment of Global Finance - Coggle Diagram
Environment of Global Finance
Advantages of an open economy
Efficient production
Variety of goods and services
Key macroeconomic variables
Trade balance
Exchange rate
Import
Export
Forms of invisible trade
Insurance
Tourism
Transport service
Labor migration
Money transfers of immigrants
The benefits of investment
Remuneration of workers
Increase in tax revenue
Import of industrial materials
Payment to workers
Production of new industrial goods
Ways to reduce imports
Introduction of quotas
Both options together
Introduction of tariffs
Correction of the balance of payments deficit
Prohibition of money export
Restriction of foreign investments
Reduction of imports
Currency devaluation
Types of trade
Visible
Invisible