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:
Select a country of your choice (other than India, UAE, Switzerland, China or Saudi Arabia) and observe the last balance of payments issued by that country. Does the country run a current account deficit or surplus?
What are the driving factors for the deficit or surplus?
What policies should the government implement to improve the external position of the country?
Directions:
Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references should be new & updated NOT LESS THAN 5 REFERENCES
No plagiarism
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