Równowaga bilansu płatniczego krajów rozwijających się w warunkach wzrostu gospodarczego

Abstract

In the most developing and transforming countries, the crucial constraint on the growth rate income and growth of demand, is the current balance of payments and the inability to finance a current account deficit because of low capital accumulation. Export growth relaxes a constraint on current account and allows all other components of demand (consumption, investment and budget expenditure) to grow faster without balance of payments difficulties. This is the simplest explanations of the relationship between balance of payment, export growth and output growth.