The balance of payments is the record of the economic transactions between a country’s population and the rest of the world. International trade can be affected by a nation’s balance of payments. In a critical essay, please:
1- Select a country of your choice (other than Saudi Arabia) and observe the last balance of payments issued by that country. Does the country run a current account deficit or surplus?
2- What are the driving factors for the deficit or surplus?
3- What policies should the government implement to improve the external position of the country?
4- Embed course material concepts, principles, and theories, which require supporting citations
5- Use headings.
Carbaugh, R. J. (2019). International economics (17th ed.). Boston, MA: Cengage. ISBN: 9781337558938
Content:Demonstrates excellent knowledge of concepts, skills, and theories relevant to the topic.
Support:Statements are well supported; posts extend discussions.
Quality:Writing is well organized, clear, concise, and focused; no errors.