The External Sector of Trinidad and Tobago
Macroeconomics 125
CRN:23846
Mr. Gerard E. Rodriguez
COSTAATT
Individual Assignment * External Sector
Done by: Tabesha Neptune
Student Number: 00047428
Table of Contents
Title Page……………………………………………………………………………………………………………. 1
Table of Contents …………………………………………………………………………………………………… 2
Executive Summary ………………………………………………………………………………………………… 3
What is Balance of Trade? ……………………………………………………………………………………..........4
List of Trade Polices in Trinidad and Tobago ……………………………………………………………………… 4
What is Financial Flows? .......................................................................................................................................... 5
Show the Domestic and Foreign Financial Flows of Trinidad and Tobago …………………………………………5
What is Foreign Reserves? ………………………………………………………………………………………….. 6
The Purpose of Foreign Reserves ………………………………………………………………………………….. 6
Currency Valuation ……………………………………………………………………………………………... 6 – 7
International Investment Position of Trinidad and Tobago ………………………………………………………… 7
Bibliography ……………………………………………………………………………………………………….. 8
Executive Summary
This project is formatted to explain the bases of the external sector, giving definition for such terms as Balance of Trade, Financial Flows and Foreign Reserves. When dealing with the Exchange Rates short descriptions of the more common types or better known exchange rates system have been listed within this project. There is explanation for the investments, both domestic and foreign, of Trinidad and Tobago that shows the progress that this country has strived for and succeeded to acquire over the past recent years. This project briefly shows the need for the several components that make the external sector.
What is the Balance of Trade?
The Balance of Trade is the difference between the total amount of exports and the total amount of imports from a country. The Balance of Trade is also called the Net Exports (NX).
CRN:23846
Mr. Gerard E. Rodriguez
COSTAATT
Individual Assignment * External Sector
Done by: Tabesha Neptune
Student Number: 00047428
Table of Contents
Title Page……………………………………………………………………………………………………………. 1
Table of Contents …………………………………………………………………………………………………… 2
Executive Summary ………………………………………………………………………………………………… 3
What is Balance of Trade? ……………………………………………………………………………………..........4
List of Trade Polices in Trinidad and Tobago ……………………………………………………………………… 4
What is Financial Flows? .......................................................................................................................................... 5
Show the Domestic and Foreign Financial Flows of Trinidad and Tobago …………………………………………5
What is Foreign Reserves? ………………………………………………………………………………………….. 6
The Purpose of Foreign Reserves ………………………………………………………………………………….. 6
Currency Valuation ……………………………………………………………………………………………... 6 – 7
International Investment Position of Trinidad and Tobago ………………………………………………………… 7
Bibliography ……………………………………………………………………………………………………….. 8
Executive Summary
This project is formatted to explain the bases of the external sector, giving definition for such terms as Balance of Trade, Financial Flows and Foreign Reserves. When dealing with the Exchange Rates short descriptions of the more common types or better known exchange rates system have been listed within this project. There is explanation for the investments, both domestic and foreign, of Trinidad and Tobago that shows the progress that this country has strived for and succeeded to acquire over the past recent years. This project briefly shows the need for the several components that make the external sector.
What is the Balance of Trade?
The Balance of Trade is the difference between the total amount of exports and the total amount of imports from a country. The Balance of Trade is also called the Net Exports (NX).
Bibliography: Central Bank of Trinidad and Tobago. (n.d.). Retrieved from www.central-bank.org.tt. Index Mundi. (n.d.). Retrieved from www.indexmundi.com. Ministry of Trade and Industry Trinidad and Tobago. (n.d.). www.tradeind.gov.tt. Retrieved from Ministry of Tarde and Industry T&T. Rodriguez, G. E. (2012, January - April). Macroeconomics 125 Notes. Trinidad . Trading Economics. (n.d.). Retrieved from www.tradingeconmics.com. Wikipedia. (n.d.). Retrieved from www.en.wikipedia.org. World Bank. (n.d.). Retrieved from www.worldbank.org.