- Increase the volume of export i.e. by giving incentives to traders so that they can produce more
output.
- Reduce the level of imports i.e. by using restrictive measures such as import total ban etc.
- By diversifying the rate of export of the country so that when some fail others can still sell in the
world
market.
- Through Devaluation of the country’s currency – this makes the export cheaper and hence more
competitivein the
market.
- By negotiating for foreign debt reduction- which will off load the debt burden.
- By adding value to the export e.g processing of primary products so as to fetch better prices
when exported.
gideon1 answered the question on October 2, 2017 at 17:10
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