Examlex
Discuss some of the reasons that have caused states to collapse in the past and the kinds of challenges we face today in state societies. Compare and contrast the difficulties of the ancient versus modern state.
Current Account Deficit
A situation where a country's total imports of goods, services, and transfers are greater than its total exports.
Merchandise Trade Deficits
A situation where a country's imports of goods exceed its exports, leading to more money leaving the country than coming in from merchandise trade.
International Debt
The total amount of debt owed by a country to foreign creditors, which can include governments, private investors, and international banks.
Consumer Spending
The total amount of money spent by households in an economy on goods and services.
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