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Learn the definition, factors, and examples of balance of trade, the difference between a nation's exports and imports over a period of time. Find out how balance of trade affects the current account, the net international asset position, and the business cycle.
The economy of the Philippines is a mixed economy that combines elements of free market and state intervention. It is the 32nd or 28th largest economy in the world by nominal or PPP GDP, and a lower-middle income country with a high human development index.
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
Subtract exports from imports in a given time period and you’ve got the trade deficit. The U.S. imported about $2.81 trillion worth of goods and services in 2020 but exported only about $2.13 ...
The 1997 Asian financial crisis was a period of economic turmoil that affected several countries in East and Southeast Asia, including Japan. It was triggered by the devaluation of the Thai baht and exacerbated by the IMF's bailout package, which led to political instability and social unrest in some countries.
Learn about the history, causes, impacts and debates of the U.S. trade deficit, which has been growing since the late 1990s, especially with China and other Asian countries. See data, charts and references on the U.S. trade balance with various countries and regions.
A trade deficit occurs when a country imports more than it exports -- and that's a good thing for a national economy. Or a terrible thing. Or it might not matter one way or the other. Trade ...
Learn about the economic policies and trade relations of the Philippines from pre-colonial times to the present. Explore the diverse products, industries and regions that shaped the nation's economic development and diversity.