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You are the export manager for the San Antonio Boot Company and are considering doing business in Colombia whose currency, the peso, is pegged to

You are the export manager for the San Antonio Boot Company and are considering doing business in Colombia whose currency, the peso, is pegged to the dollar. How would Colombias BOP statistics be used to forecast whether or not the economic conditions in that country are right for a foreign direct investment? A portfolio investment? Assume that Colombia is running a large deficit in their Current Account.

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