If a country has a current account deficit, will it be a net lender or borrower to the rest of the world? Should the country be concerned about its current account deficit? Discuss. What is the...

If a country has a current account deficit, will it be a net lender or borrower to the rest of the world? Should the country be concerned about its current account deficit? Discuss.

What is the balance of payments disequilibrium? Can a country run a balance of payments deficit indefinitely? Explain how balance of payments disequilibria can be automatically self-correcting.