Assignment:
Select a country of your choice 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 are the implications of the current account deficit or surplus for the overall economy? What actions may better the nation's situation? Explain.
Readings:
1. The Balance of payments
By Robert J. Carbaugh
2. Foreign Exchange
By Robert J. Carbaugh