International Business

13

International Balance of Payments

LEARNING OBJECTIVES

After going through this chapter, you should be able to:

• Discuss the structure of balance of payments of a country

• Understand the different components of the balance of payments account

• Explain the concept of equilibrium and disequilibrium in a country's balance of payments account

• Understand the significance of the official reserves account in balance of payments accounting

• Be conversant with trends in India's balance of payments account over the years

China's Burgeoning Forex Reserves

Fuelled by increasing flows of foreign investment, China's forex reserves, the biggest in the world, have greatly increased over the past few years. They touched an all-time high of USD 2.64 trillion ...