The benefit a country of the difference in value between a nation's exports animports, including both goods and services. ... Shortfall that occurs when the total value of a nation's imports is higher than the total value of its exports. Balance of payments. A measure of the total flows of money into or out of a country.
One of the most important elements of Wilson's Fourteen Points was that there needs to be an international system that encourages cooperation between countries (especially in Europe) instead of competition.
