Balancing external trade
- Equalizing interstate trade
- Balancing trading patterns
Description
Balancing external trade involves implementing policies and mechanisms to ensure that a country’s imports and exports are maintained at sustainable levels, preventing persistent trade deficits or surpluses. This strategy aims to stabilize the national economy, protect foreign exchange reserves, and reduce vulnerability to external shocks. Practical actions include adjusting tariffs, promoting export diversification, negotiating trade agreements, and managing currency exchange rates to remedy imbalances and foster long-term economic resilience.
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Problem
Value
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Content quality
Yet to rate
Language
English
1A4N
Q3372
DOCID
12733720
D7NID
221830
Editing link
Official link
Last update
Dec 3, 2024