ILO:

a) Components of the balance of payments:
o the current account
o the capital and financial accounts
b) Causes of deficits and surpluses on the current account
c) Measures to reduce a country's imbalance on the current account
d) Significance of global trade imbalances

Components of the balance of payments

Balance of Payments - Current Account I A Level and IB Economics
Balance of Payments (Current Account, Financial Account and Capital Account)

Causes of deficits and surpluses on the current account ​UK issues:

Examine two causes of the UK's current account deficit. (8 marks)
Why are UK workers so unproductive? – in 5 charts
Why solving Britain's productivity problem is key to Rishi Sunak's 2020 budget

Measures to reduce a country's imbalance on the current account

Exam style question:
Using a developing country of your choice, evaluate the policies available to improve development through the balance of payments? (25 marks)
Growth and Development in Angola
​
A Level Economics Synoptic Essay Plan: Reducing a Trade Deficit
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Significance of global imbalances

Evaluate the the significance of current account deficits to a country of your choice. (25)
Is the US Trade Deficit a Problem?
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Economic Significance of Trade Imbalances
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Related article:
​Cameron urges economy 'rebalance' to restore growth

Revision

BOP mind map