What is a balance of payments surpluses and deficits on national economies and the implications?

  1. What is a balance of payments surpluses and deficits on national economies and the implications?

(Mandatory Cite from textbook Chapter 10 and 11, as attached)

  • What are the implications of surplus, balance, and deficit in a current account and capital and financial accounts)?
  • Select a country of your choice (other than Saudi Arabia and US) (writer’s choice) and observe the last balance of payments (2020) 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 are the implications of the current account deficit or surplus for the overall economy?
  • What actions may better the nation’s situation? & Explain.
  • Cite at least Three scholarly, peer-reviewed along with textbook

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