The Balance Of Payments Problems And Implications On The Economic Development Of Mauritania 1992-2007

A country's international balance of payments current account surplus generated by the project or a larger deficit, known as the international balance of payments imbalances. A State the adjustment of international imbalances, not simply the pursuit of the balance of international payments, because this is just one aspect of a country's economic imbalances; from a deeper sense, the policy mix should be made through the domestic and At the same time the foreign balance to achieve balance of payments, this is a country's ultimate goal of economic equilibrium. Resource-poor countries in Africa growing macroeconomic imbalances, in 2007, 10 countries with the highest earnings are the oil-rich, or rich in mineral resources, or two kinds of resources-rich countries. Countries with the highest budget deficit within the fight against the majority of repeated (for example, rainwater is not normal, political conflicts) and external blow (agricultural commodity market). These countries (including Eritrea, Ghana, Guinea, Malawi, Sao Tome and Principe and Zimbabwe) the lack of appropriate economic diversification and can not buffer them against the financial performance of their situation. Governments, in addition to rely on currency depreciation, is also relying on monetary tightening and monetary policies to prevent the acceleration of inflation led to lower growth. As the growth rate of these policies are likely to adversely affect oil-importing countries increasingly difficult macroeconomic management, the cost is growing.Mauritania is one of the world's least developed countries, economy-based fisheries and mining, agriculture and animal husbandry, economic single, abnormal weak industrial base, the majority required by the market goods, from food, light and textile industrial products to the machine are dependent on imports. Iron mining and fishing are the two pillars of the national economy, Mauritania, oil and gas industry is emerging industries. Foreign aid in national development plays an important role. Industrial underdevelopment, mainly by mining and small-scale processing industries.Iron ore mining industry, mainly in mining, the main exports of France, Italy, Belgium and other countries. Oil and gas production is the new industries. Mainly exports iron ore and fish products, iron ore are mainly exported to the EU, exports of fishery products, Spain, Japan, Nigeria and other countries. Imports of energy and mineral products, food and agricultural products, machinery, equipment and consumer goods. Production and living materials required for more than 80% is imported, of which 32% of food, 25% for machinery and equipment, 9% for the cars, the rest of the chemicals, building materials, petroleum, textile supplies. 80% of imports from the European Union, the oil from Algeria.The main trade partners are: China, France, Italy, Spain and the United States.Most of the world are in the country's international balance of payments disequilibrium, Mauritania in recent years, excessive growth of fixed asset investment, excessive money and credit, resulting in an imbalance of international payments. A long-term structural contradictions and the formation of the extensive growth mode still outstanding. The basic balance of international payments is an important economic objectives of countries. The national economy of many factors, such as the production fluctuations, changes in industrial structure and financial turbulence, fluctuation of commodity prices and so on, can affect the smooth realization of this goal. Foreign economic, political, and financial conditions change can also have adverse effects. In order to avoid and offset these effects need to adjust the balance of payments. This is not only in order to maintain basically balanced international payments, but also for its own exchange rates, price stability as well as their ability to pay the enhanced external conditions. In the formulation of appropriate policy measures to adjust the balance of payments, it is necessary for the international balance of payments for a comprehensive analysis and the international balance of payments and domestic economic unity considered in conjunction.Mauritania faces many problems, first of all, we must ensure the sustainable development of the national economy. In this regard Mao needed arduous efforts to implement the necessary measures. Mauritania has taken the steps are enormous. In achieving the country's fiscal balance, the financial system reform, attract foreign investment, increasing infrastructure construction and other areas have done quite prominent, and at the same time still need to seek new development. Secondly, to attract foreign investment is essential for national economic development. Mao actively welcomes all forms of investment, whether domestic or foreign. Mauritania is a third-world countries, more than other countries require funding. In Mauritania, the conditions for attracting foreign investment has been basically in place, but need to clear some obstacles. To further adjust the economic structure, to accommodate economic development. The main tasks before us are: the eradication of poverty, reduce unemployment. To this end, Mauritania has developed relevant policies, such as to carry out universal education, for culture and public health, to encourage private investment in the non-state sector, to encourage people to seek jobs abroad. Mauritania ideas and concepts should be changing with the development of the times. The understanding of socialism to keep up with the times. In the labor production, whether it is physical or mental, as long as nation-building benefit, which can produce high-yield, it should be recognized. Mauritania from around the world practice and experience of the successful lessons for their own good things. Of course, learn from experience of foreign countries must take into account national circumstances. The party's documents and the formulation of the principles and policies is moving in this direction, by seeking the best long-term national interest to deal with Mauritania, the current and future challenges.Mauritania, the balance of payments from 1992 to 2007 a long period of international balance of payments disequilibrium, this paper analyzes the imbalance of international payments of Mauritania and its impact on the economy.