(精选)商务英语综合教程(下册)Unit 14 Balance of Payments课件.pptVIP

Unit Fourteen ;Introduction; Text ; 1 Trading nations have developed an accounting concept called balance of payments, which records a country’s trade and capital flow in relation to other countries. All financial and economic transactions between a country’s residents and the rest of the world are measured in money terms. A French father, sending money to his son in New York for educational purposes, will have an effect on the French, as well as on the United States balance of payments The Brazilian importer who buys Italian shoes also affects the Brazilian as well as the Italian balance of payments.; 4 As a statistical classification and summary of all economic transactions between domestic and foreign residents over a stipulated period (ordinary one year), the balance of payments of a nation affords an overall view of its international economic position. For this reason, the balance of payments is particularly helpful to government authorities --- treasuries and central banks--- who are directly charged with the responsibility of maintaining external economic stability. Moreover, international trade is so important to many countries that the balance of payments must be carefully considered in the formulation of domestic economic policies, such as employment, wages, and investment.; 5 The balance of payments of a country may also influence the decisions of business people. The experienced international trader or investor does not overlook the intimate bearing of the balance of payments upon the foreign exchange market and the course of government policy. A domestic exporter may hesitate to deal with an importer if it is suspected that the authorities of the importer’s country will shortly impose or tighten exchange controls in the face of an adverse balance of payments. Dealers in foreign exchange also pay close attention to the balance of payments of countries whose currencies they handle in daily transactions. Failure to realize