How a developing countrys decision to reduce trade affect

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1. How might a developing country's decision to reduce trade restrictions such as import tariffs affect its ability to borrow in the world capital market?

2. Given output, a country can improve its current account by cutting either investment or consumption (private or government). After the debt crisis of the 1980s began, many developing countries achieved improvements in their current accounts by cut- ting investment. Was this a sensible strategy?

Reference no: EM13868921

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