The volatility of a country's foreign exchange rate affects its economic competitiveness. Exports of goods and services become comparatively more expensive and imports become comparatively less expensive if the domestic currency appreciates relative to the currencies of major foreign trade...

Globalization is ushering the era of low trade barriers and global competition. Companies can no more entirely depend upon its domestic markets. Besides, many of the developing countries have been opening up their economies to accelerate development and are striving hard to mobilize funds for...

The membership is supposed to help access to markets in other countries under more beneficial conditions, serve as an important signal to foreign investors regarding stability and predictability of the economic system, decrease risk factors for potential investors, develop trade economy,...