Does the country run a current account deficit or surplus?
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?