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Appreciation
Strengthening of a currency's value.
Balance of Payments
A country's financial transactions record with the world.
Balance of Payments on the Current Account
Total of trade, income, and transfers with the world.
Currency
Monetary system utilized in a country or region.
Current Account
Record of trade, income, and transfers with the world.
Current Account Deficit
Situation where imports surpass exports and income.
Current Account Surplus
Situation where exports and income exceed imports.
Depreciation
Weakening of a currency's value.
Developed Country
Nation with high GDP per capita, developed industry, and services.
Developing Country
Nation with lower GDP per capita, less industrialization, and weaker well-being indicators.
Development
Enhancing people's living standards process.
European Union
Economic and political group enabling free trade among members.
Exchange Rate
Value of one currency in relation to another.
Exports
Goods and services sold to foreign countries.
Foreign Investment
Investment by foreign companies in a host nation.
Free Trade Agreement
Agreement allowing unrestricted movement of goods and services between countries.
Globalization
Expansion of world trade and capital flows, fostering greater international interdependence.
Human Development Index
Indicator measuring development based on quality of life factors.
Imports
Goods and services purchased from foreign countries.
International Trade
Trading of goods and services between nations.
Protectionism
Policies aimed at limiting global free trade.
Tariff
Tax imposed on imports.
Trade Bloc
Group of countries with reduced trade barriers among themselves.
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