World | US | China | Japan | Germany | France | UK | Brazil | Russia | Italy | India | Canada | Australia | Spain | Mexico | South Korea | Indonesia | Nigeria | Pakistan | Singapore | South Africa
Aerospace Industry | Agriculture | Automobile Industry | Biotechnology Industry | Chemical Industry | Construction Industry | FMCG Industry | Food Industry | Hospitality Industry | IT Industry | Nanotechnology Industry | Oil & Gas Industry | Pharmaceutical Industry | Renewable Energy Industry | Steel Industry | Tourism Industry
Credit Card Companies | Credit Card Application Guide | Credit Card Comparison | Credit Card Guide | Credit Card Payment Online | Amex Credit Cards | Mastercard Credit Cards | Visa Credit Cards
More Credit Card Tools & Resources
Accident Insurance | Automobile Insurance | Dental Insurance | Fire Insurance | General Insurance | Health Insurance | Home Insurance | Life Insurance | Sports Insurance | Structured Settlements | Travel Insurance | Insurance Companies | Insurance By Country
Exports on the other hand, entail transfer of goods and services from a home country to the foreign consumers.
Import export trade assumes huge importance in the context of overall performance of the world economy. An upward trend of import export trade is indicative of smooth functioning of the world economy; whereas a downward trend results from economic instability.
Proper import administration is essential for ensuring free inflow of goods and services to a home country. Tariffs, quotas, and government subsidies stand in the way of free flow of goods and services.
The principal objective of import administration is to enforce proper anti-dumping measures and implement fair trade practices across borders. Competitive import trade environment helps in increasing inflow of foreign funds to a home country. It also increases competitiveness of the domestic market.
The nightmare for Cyprus started in March 2013. The country’s banking sector faced a sudden squeeze. The two biggest players – Bank of Cyprus and Marfin Laiki Bank – were in danger of a collapse which would have sparked a huge negative shock for the island’s economy. Read more
Mario Blejer & Eduardo Levy Yeyati,
Got something to say about the economy? We want to hear from you. Submit your article contributions and participate in the world's largest independent online economics community today!