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Graded Discussion Board.02
International Marketing (Mkt630)
Topic: countertrade and its implications in international business
Objective of the activity
The purpose of this activity is to introduce students with the concept of countertrade and its implication in international business.
After attempting this activity students will learn:
Balance of trade and balance of payment are the critical measures for ensured economic expansion of a country. Thus, governments around the globe pay special attention in managing these balances in favorable position. One way to turn the balance of trade and balance of payment in favorable position is to manage the inflow and outflow of exports and imports of goods and services. Governments devise effectual strategies and policies to control the unnecessary inflow of imports and increase the exports. For such purposes counter trade is one of the most effective tools. In counter trade the two countries, on certain terms and conditions, exchange good and services with each other. Within counter trade, based on terms and conditions, the barter, compensation deal, counter purchase, advance purchase, buy-back agreements, offset agreement, clearing accounts and switch trading are different modes that can be adopted for managing the balance of trade and balance of payment in favorable position. Since long, Pakistan is facing unfavorable balance of trade and balance of payment.
Point of discussion
Keeping in mind the above mentioned premise, generate the arguments for following question:
How the tactics of countertrade can turn the balance of trade and balance of payment of Pakistan into favorable position and in which sector the countertrade can be more beneficial for Pakistan.
Note: It’s a 30 marks activity so produce sufficient number of arguments to enrich your discussion.
For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures and read additional material available online or in any other mode.
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