Micro essay question

Micro essay question - Steven Beltre ID# 2283335 Many...

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Steven Beltre ID# 2283335 Many people think that the current account deficit is a sign that a nation is not able to compete in international markets. Explain why this view is incorrect and describe the factors that create a current account deficit. The view that “current account deficit is a sign that a nation is not able to compete in international markets” is incorrect. Before we go into detail why this statement is misleading, we must gain knowledge between the factors that create international marketing and current account deficit. To begin with, international marketing is the performance of business activities that direct the flow of a company’s goods and services to consumers in more than nation for profit (Bauer). In shorter terms, it is the decision-making activity that occurs between more than one country; it involves more of the marketing environment in the countries in which it does business (exporting). Current account deficit is generally due to transactions made by private individuals and
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This note was uploaded on 05/26/2008 for the course ECO 2023 taught by Professor Sabet during the Spring '08 term at FIU.

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