CHAPTER 10
Foreign Trade Policy and Balance of Payments
CHAPTER OUTLINE
- Foreign Trade Policy and Balance of Payments
- Main Features of India’s Trade Policy
- Phases of India’s Trade Policy
- India’s Foreign Trade Policy, 1991
- Major Trade Reforms
- Assessment of the New Trade Policy
- Balance of Payments (BoP)
- Current Account Deficit (CAD)
- Capital Account Deficit
- Other Non-debt Flows
- Key Words
- Questions
- References
FOREIGN TRADE POLICY AND BALANCE OF PAYMENTS
Advanced countries like Germany, the United States, Japan, and others have used their trade policy to (a) restrict their imports and provide a sheltered market for their own industries so that they could develop rapidly and (b) promote their exports so that their expanding industries could secure ...
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