ECN500 Global Economics
Module 06: Discussion : Part 1
| Trade Policies for the Developing Nations International trade provides benefits to a country’s producers and consumers. However, some economists warn that developing countries are disadvantaged by the current international trading system.
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Module 08: Discussion : Part 2
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 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?
Module 11: Discussion : Part 3
Economic and monetary policies and/or sanctions have a direct impact on international trade. For this week’s discussion, please:
- Discuss the Russian-Ukrainian war that began on February 24, 2022, and the subsequent economic sanctions against Russia. Specifically, appraise the effect for Russia of being disconnected from SWIFT, losing the Most Favored Nation status, losing its oil export to the United States, and being barred from obtaining loans from the International Monetary Fund and the World Bank.
- Distinguish the implication of these sanctions for Russia’s trading partners.
- Appraise how the Kingdom of Saudi Arabia can navigate the new economic climate caused by this crisis.
