Foreign Trade Balance and Foreign Trade Act (AWG)

External balance

An external balance exists when the country's balance of payments is in equilibrium with constant exchange rates. This means that there is an external balance if neither inflation, unemployment nor an economic crisis are brought into the domestic economy from abroad and vice versa, if domestic undesirable developments are not resolved at the expense of foreign countries (i.e. no export of domestic inflation, domestic employment problems or exported weak growth) .

Neben Geldwertstabilität (Preisniveaustabilität), Vollbeschäftigung (hoher Beschäftigungsstand) und Wirtschaftswachstum zählt das außenwirtschaftliche Gleichgewicht zu den gesamtwirtschaftlichen Zielen. Diese sind als „Magic square“ der deutschen Wirtschaftspolitik formuliert, das in §1 des Stabilitätsgesetzes definiert ist.

Foreign Trade Act (AWG)

The Foreign Trade Act (AWG) is a federal act of April 28, 1961 that regulates economic exchange with foreign countries. The free trade in foreign trade is in the foreground of the Foreign Trade Act. However, general or special restrictions apply, for example to the trade in war weapons. Because these are subject to approval and are covered by the War Weapons Control Act.

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