WTO, IMF, World Bank, and their rolesIntroductionThe World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank are key international organizations in global economic governance.They play distinct but…
Exchange rates: Fixed, floating, and managedIntroductionExchange rate is the value of one country's currency in relation to another country's currency.It plays a vital role in international trade, influencing exports, imports, and foreign…
Balance of trade vs. balance of paymentsIntroductionThe Balance of Trade (BOT) and the Balance of Payments (BOP) are key indicators of a country's economic health.Both are used to analyze a nation's international trade performance and its…