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Published
2024-04-18
Section
Iqtisodiy o‘sishni kuchaytirish: milliy islohotlarda yoshlar va biznesni qo‘llab-quvvatlash
How to Cite
THE ROLE OF THE BALANCE OF PAYMENTS IN ECONOMIC GROWTH
Musаbekоv Sherаli Nаzаrаli о’g’li
Student of Kokand University
Keywords: Balance of Payments, Economic Growth, Trade Balance, Current Account, Capital Account, Export-Led Growth, Balance of Payments Constrained Growth.
Abstract
This thesis examines the intricate relationship between a nation's balance of payments (BoP) and its economic growth. It delves into the theoretical underpinnings of the BoP and its various components, analyzing how they influence a country's growth trajectory. The thesis explores both the positive and negative aspects of BoP positions (surpluses and deficits) on economic activity. It critically evaluates different schools of thought on the BoP's role in growth, acknowledging both its potential as a driver and its limitations as a sole determinant. The analysis incorporates real-world examples to illustrate the multifaceted nature of this relationship. Finally, the paper concludes by emphasizing the importance of considering a holistic approach to economic growth that integrates BoP dynamics with domestic economic policies and external factors.
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