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Discuss the methods used to correct trade deficit in Kenya

      

Discuss the methods used to correct trade deficit in Kenya

  

Answers


Francis
-Adopting direct controls by the government to limit the volume of imports.
-Use of devaluation or expenditure switching policy.
-Through adjusting capital inflows or movement within the country.
-Use of expenditure reducing policies within the country.
-Adjusting the income exchange rates so as to minimize the trade deficit. .
-Stimulating exports and imports substitutes within our country.
-Adjustment through exchange depreciation thus affecting the price effect.
franco crick answered the question on February 27, 2018 at 08:45


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