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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why can Major Economies trying to Correct their Imbalances in their Balance of Payments have Lasting Impacts on the World

Author: eric_galvao



Answer:

-Supply-side Polices to fix Deficits can increase World Trade and Growth -Restrictions on Imports can make Trade Wars, leading to Trade slowing down and Global Trade and break WTO Rules -If Governments try to Fix their Deficit by Reducing Imports from Developing Nations, then their Exporters will have Limited Economic Growth making Unemployment Rise and Holding them back in Global Strides in Efficiency


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