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Q: Account for the predominance of light industries in developing countries?
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What is usually the largest single account in the overall balance of payments?

The largest single account in the overall balance of payments is, for most countries, the current account.


What feature do the countries of Paraguay and Bolivia share which could account for their low GDP?

They are both landlocked.


When developing leader development programs example of?

Leadership development focuses on developing the leadership abilities and attitudes of individuals. There are three areas that take into account the development of leadership. These areas include, individual learner characteristics, the nature of the leadership development program, and support for change.


What are the advantages of a current account surplus?

Current account surplus means your countries saving exceed investments in your countries. Whech means your country is a net lender with the rest of the world. It also means your balance of payments is essential on the credit side in the current account and debit side in the financial account. This brings advantages such as usually appreatiation of the currency, balance of trade surplus ( high amount of exports), and usually buying leverage in other countries but there are alot of factor and variables in the foreign exchange market that can effect currency. I know for sure thou that a trade surplus and defcit are neither good or bad and eventually have to reverse.


What is meant by free trade and give arguments in favor or against him?

Arguments against Free TradeInfant Industry Argument.If developing countries have industries that are relatively new, then at the moment these industry's would struggle against international competition. However if they invested in the industry then in the future they may be able to gain Comparative Advantage.This shows that comparative advantage can change over timeTherefore protection would allow them to progress and gain experience to enable them to be able to compete in the future.more on infant industry argumentThe Senile industry argument.If industries are declining and inefficient they may require large investment to make them efficient again. Protection for these industries would act as an incentive to for firms to invest and reinvent themselves. However protectionism could also be an excuse for protecting inefficient firmsTo diversify the economyMany developing countries rely on producing primary products in whichthey currently have a comparative advantage. However relying on agricultural products has several disadvantagesPrices can fluctuate due to environmental factorsGoods have a low income elasticity of demand. Therefore with economic growth demand will only increase a littleRaise revenue for the govt.Import taxes can be used to raise money for the govt however this willonly be a small amount of moneyHelp the Balance of PaymentsReducing imports can help the current account. However in the long term this is likely to lead to retaliationCultural IdentityThis is not really an economic argument but more political and cultural. Many countries wish to protect their countries from what they see as an Americanisation or commercialisation of their countriesProtection against dumpingThe EU sold a lot of its food surplus from the CAP at very low prices on the world market. This caused problems for world farmers because they saw a big fall in their market pricesEnvironmentalIt is argued that free trade can harm the environment because LDC may use up natural reserves of raw materials to export. Also countries with strict pollution controls may find consumers import the goods from other countries where legislation is lax and pollution allowed.However supporters of free trade would argue that it is up to individual countries to create environmental legislation

Related questions

How much does uranium account for electricity generation in developing countries?

The nuclear energy is not so developed in the poor countries.


Developing countries account for how much of the world population increase today?

Developing countries account for the majority of the world population increase today. This is due to factors such as higher birth rates, improved healthcare leading to lower mortality rates, and advancements in technology and infrastructure.


Does Polaris Industries use Twitter?

Yes their account is @polarismotors


What is the role played by the primary sector in the gdp of developing countries?

The primary sector, which includes agriculture, forestry, fishing, and mining, often plays a significant role in the GDP of developing countries. This sector provides employment to a large portion of the population and contributes to food security and export earnings. In some developing countries, the primary sector can account for a substantial portion of the GDP.


What does an auditor consider when developing an explanation for an unexpected change in account balances?

When developing an explanation for an unexpected change in account balances, an auditor considers both error and nonerror explanations.


What should be taken into account when developing a house policy?

the experience of the staff


What emerging energy industries account for 9 million jobs in the US?

renewable


Is hawaiis service industries account for nearly 90 of the states gross?

yes


How do you delete a 'buddycloud' account?

buddycloud is still developing and there are still many features missing. Deactivating/deleting an account is one of those.


How would one describe key account management?

Key account management is simply account management applied to a companies most important customers. It will include project management and developing relationships.


What is usually the largest single account in the overall balance of payments?

The largest single account in the overall balance of payments is, for most countries, the current account.


How to develop account revenue?

There are certain factors to consider when developing an account revenue. The factors to be considered includes the risks of the given business, revenue forecasting, and the blueprint of the given business.