Mohd Arif Business Educational World
A business grow, so does their awarness of opportunities is foreign market. Intially, they may merely attemt to export a product to a particular country or import supplies from a foreign manufacturer.
An understanding of internation financial management is crucial to not only large MNCs with numerous foreign subsidiaries, but also to the small business engaged in exporting or importing. 75% of the 43,300 U.S firms that export have less than 100 employees. international business is even important to companies that have no intention of engaging in international business.
A country,s balance of payment is commonly define the record of transaction between resident and foreign residents over a specific perion. each transaction is recorded in accordence with the principles of double entry book-keeping. meaning that the amount envolved in each transaction is entered on each of the two sides the balance of payment always balance.
However, their is no keeping requirement that sums of two sides of aselected number of balance of payment account should be same, and it happens that the (im) balance shown by certain combinaion of account are considerable interest to analysts and government officials. it is those balances that are often reffered to as "surplus" or "deficit" in the balance of payments.
working papers series
Date posted: May 24, 2008
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