Discuss the importance of the balance of payments


Homework: Managing Organizational Change

One of the more important measures in regard to international economics is the balance of payments. Think of it as a national accounting measure that looks at the flow of goods and services into and out of an economy in a given period of time. It also shows capital flows into and out of a country. Until 1980, the United States tended to run a positive-to-neutral balance of payments position and was a creditor nation. In the course of the past 30 years, the United States has moved to a negative balance of payments and to being a debtor nation.
Review and discuss the following:

o Discuss the importance of the balance of payments as an accounting measure.

o Discuss the current account and its components and the capital and financial accounts and their components.

o How important is the U.S. deficit in traded goods in regard to the balance of payments?

Format your homework according to the following formatting requirements:

o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.

o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

References

o Hellerstein, R., & Tille, C. (2008, June). The changing nature of the U.S. balance of payments. Current Issues in Economics and Finance, 14(4). Federal Reserve Bank of New York.

o Stein, H. (2008). Balance of payments. The Library of Economics and Liberty.

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