Balance of Payments (BOP)

Components of BOP statement

Current Account

Balance of Trade

Capital Account

Financial Account

Events that increased trade volume

Outsourcing

Impacts of outsourcing

Managerial decisions about outsourcing

Cost of labor

Inflation

National income

Credit conditions

Restrictions on imports

Subsidies for exporters

Restrictions on piracy

Environmental restrictions

Labor law

Business laws

Tax breaks

Country trade requirements

Government ownership of subsidies

Country security laws

Objective of the International Monetary Fund (IMF)

World Bank

Objective of World Bank

World Trade Organization (WTO)