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Balance of Payment in Sweden and Norway - Essay Example

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In the paper “Balance of Payment in Sweden and Norway,” the author discusses the balance of payment of Sweden and Norway for the last 4 years. From 2007 to 2008 there has been an incline in current assets than a subsequent decline in the next years indicating the initially overall exports are inclining…
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Balance of Payment in Sweden and Norway
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The capital transfer has been the same throughout although it indicates stability in investments still needs to improve as direct investments have declined to a dangerous extends showing a negative value. B- Specify the importance of the balance of payment for your businessThe balance of payment is extremely important for a business. It helps the business evaluate the gap between receipts and payments. The focus of the business should be to increase exports and decrease imports in order to make the business self-sufficient.

It helps businesses establish ways to create goods that can substitute imports. It helps businesses establish backward integration. IT invites investments as the number of recipients increases as a result businesses flourish. While payments increase capital outflows so the balance of payments gives the strategic managers the idea to implement a plan that should focus on reducing payments and increasing receipts result in a surplus of the balance of payments.

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Balance of Payment in Sweden and Norway Essay Example | Topics and Well Written Essays - 500 words. https://studentshare.org/sociology/1577363-finance-assigment
(Balance of Payment in Sweden and Norway Essay Example | Topics and Well Written Essays - 500 Words)
Balance of Payment in Sweden and Norway Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/sociology/1577363-finance-assigment.
“Balance of Payment in Sweden and Norway Essay Example | Topics and Well Written Essays - 500 Words”. https://studentshare.org/sociology/1577363-finance-assigment.
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