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raise taxes & improve collection (current account)
demand reeducation
imports fall
raise taxes & improve collection (capital account)
attracts foreign capital because of increased confidence in government commitment to prudent macro-economic policy
reduce spending (austerity) (current account)
demand reduction
imports fall
reduce spending (austerity) (capital account)
attracts foreign capital because of increased confidence in government commitment to prudent macro-economic policy
privatization (current account)
more efficient industries will export more
capital will flow to sectors where country has a comparative advantage - increasing export competitiveness