Explain the Potential Benefits of Maintaining a Capital Account Surplus

question 63

Essay

Explain the potential benefits of maintaining a capital account surplus.

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Definitions:

Developing

pertains to countries or regions undergoing industrialization, modernization, and economic growth, often characterized by lower living standards compared to developed nations.

International Labour Organization

A United Nations agency that sets international labor standards and promotes rights at work, encouraging decent employment opportunities and enhancing social protection for all workers.

Workers

Denotes individuals who perform tasks or services, usually for payment, within various employment settings, contributing to the production of goods or provision of services.

Poverty

A state of having insufficient financial resources or income to meet basic living needs such as food, shelter, and clothing.