What are the driving factors for the deficit or surplus

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Reference no: EM133270530

Question - 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 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?

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?

Reference no: EM133270530

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