Can all countries run into "Balance of payments"(BOP) deficits simultaneously?

Answer 1

if we transform all trade in single currency it is not possible for all the countries to have defecit simultaneously... as if everyone is importing . . . someone must be exporting hence earning bop surplus. . . . this is called a zero sum game

but it is however possible for all the countries to have bop deficit at the same time if the trade is barter (ie only comodities are exchanged then it is possible that the value of goods may be high in one country and low in another). but again we will also have to neglect the theories of absolute and comparative advantage.

Answer 2

no The sum for all countries is zero.