foreign sector

foreign sector

that part of the ECONOMY concerned with transactions with overseas countries. The foreign sector includes IMPORTS and EXPORTS of goods and services as well as CAPITAL MOVEMENTS in connection with investment and banking transactions. The net balance of foreign transactions influences the level and composition of domestic economic activity and the state of the country's BALANCE OF PAYMENTS. The foreign sector, together with the PERSONAL SECTOR, CORPORATION SECTOR, FINANCIAL SECTOR, PUBLIC (GOVERNMENT) SECTOR, make up the national economy. See also CIRCULAR FLOW OF NATIONAL INCOME.
References in periodicals archive ?
At present, he said the foreign sector controls more than 50 percent of commerce in the Philippines.
merge it with data already assembled on the position of the government and the foreign sector, and then to quantify the wealth effects of inflation shocks across different agents in the economy in a
"As a result of the improvement of the indicators of the foreign sector, balance in the domestic currency market was preserved and currency reserves reached $45 billion.
The research note concludes that there is a limited risk in the short term as the economic indicators show a special improvement in the foreign sector during the current period.
(10) To remove noise, we measure each foreign sector's productivity as the 3 year moving average of log labour productivity (value-added per worker in international PPP dollars).
Head of the campaign's foreign sector, Parliament member Mahmoud Hussien, is to head to France on head of the delegation today.
Pakistan has no other substitute but to increase exports contain imports and raise remittances not only to have a proper balance in the foreign sector but to have enough foreign exchange to service the rising level of external debt.
Summary: LebanonEaAoEeACEeAOs foreign sector reported a significant improvement in activity on the back of a noticeable 40% growth in financial inflows over the first eleven months of 2016, generating a net surplus in the balance of payments of US$ 332 million, following a large deficit the year before.
"In parallel, the foreign sector reported an improvement in activity on the back of the recent BDL financial engineering operations that resulted in a noticeable growth in financial inflows over the first nine months of the year, generating a surplus in the balance of payments of $555 million.
The agreement announced in May 2016 of General Electric's deal with Saudi Arabian Industrial Investments Company involving an initial US$1.4 billion (with potential increase to US$3 billion) of investment in manufacturing projects evidenced the Government's commitment to increasing foreign sector investment and promoting the development of local industry.
For example, from 1999 to 2006, despite the cumulative inflation rate of 35 per cent, the Vietnamese state did not adjust the minimum wage in the foreign sector, thus allowing the exploitation of Vietnamese workers by foreign capitalists.
Furthermore, fluctuations in the foreign sector of an economy induce variations in domestic business activity.

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