Economic Development 12th Edition by Michael Todaro

Exercise 1

Draw up a balance of payments table similar in format to Table 1, using the most recent data from any developing country (consult the IMF's International Financial Statistics at http://imfstatistics.org/imf, or for broader coverage, see links in http://imf.org/external/data.html for the most recent data). Explain the significance of the various entries in the current and capital accounts. What is the status of the country's international reserves, and how do they compare with those of one year ago?
TABLE 1 A Hypothetical Traditional Balance of Payments Table for a Developing Nation