Balance of Payment and Economic Growth in Pakistan

Balance of Payment and Economic Growth in Pakistan
In this video we have tried to explain the issue of Balance of Payment and Economic Growth in Pakistan. Dr. Azam Chaudhry, who is Professor of Economics and the Dean of the Faculty of Economics at the Lahore School of Economics presented a framework for Balance of Payment and Economic Growth in Pakistan.
Dr. Azam Chaudhry is Professor of Economics and the Dean of the Faculty of Economics at the Lahore School of Economics. He has a B.Sc. (Hons.) in Economics from the London School of Economics (UK) where he specialized in Monetary Economics, Econometrics and Corporate Finance and a M.A. and PhD in Economics from Brown University (USA) where he specialized in theoretical and empirical macroeconomics.
He teaches undergraduate and graduate Econometrics and Macroeconomics at the Lahore School of Economics and his research interests include Innovation and Technological Change, International Trade, Institutional Economics, Economic Growth and Development, Behavioral Economics, Economic and Social Networks, Political Economy and Industrial Organization.
He was recently awarded the World Trade Organization (WTO) Chair for Pakistan which focuses on research, curriculum development and stakeholder engagement in international trade.
Below are the saliant features of the framework about the Balance of Payment Constrained Growth
GDP Growth exceeds 5%
Higher Imports and modest increase in exports
Current Account Deficit
Devaluation to control CAD
Fiscal and monetary tightening
Slowdown GDP Growth
Balance of Payments
Statement of all transactions made between one country and the rest of the world
Balance of Payment includes:
Current account = trade balance, income flows and transfers
Financial account = movement of financial assets and change in reserves
Current Account - Financial Account - Change in reserves = 0
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Some of the questions which are described in this video.
What is Current Account Deficit?
What is Balance of Payment?
What is Balance of Payment in Pakistan?
Causes of Deficit in Balance of Payment?
What are Causes of Deficit in Balance of Payment?
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