In a critical essay, select a developing country of your choice (other than Saudi Arabia) and discuss its main trade characteristics and trade problems. What trade reforms should the government implement? What would be the role of the IMF and the World Bank in these reforms? What policies should the government pursue to achieve strong economic growth? Directions:Your essay is required to be four to five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use the Saudi Digital Library to find your resources.Use Saudi Electronic University academic writing standards and follow APA style guidelines.It is strongly encouraged that you submit all assignments into Turnitin prior to submitting them to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the TurnitinStudent Guide for step-by-step instructions.Review the grading rubric to see how you will be graded for this assignment.For Your SuccessThis module addresses policies used to stabilize the prices of the primary products of developing countries. These are production and export controls, buffer stocks, and multinational contracts. Consider answering the following question as you progress through this module: Have these policies been successful in stabilizing commodity markets?This week, your next Critical Thinking Assignment is due. Please read the assignment description now and contact your instructor with any questions. Be sure to attend the next required Live Session with your instructor, as well.Learning OutcomesAnalyze government actions that approach or fall within the category of industrial policy.Evaluate arguments for trade restriction and/or industrial policy in developing nations in light of the unique effects of international trade on less-developed economies.Critique the effects of World Bank and International Monetary fund loans on developing countries.ReadingsRequired:Chapter 7 in International EconomicsCruz, M., Milet E., & Ollareaga, M. (2020). Online exports and the skilled-unskilled wage gap. PLoS One, 15(5). Retrieved from https://doi-org.sdl.idm.oclc.org/10.1371/journal.pone.0232396Recommended: Chapter 7 PowerPoint slides Chapter 7 PowerPoint slides – Alternative Formats International EconomicsNaz, A., Shaista, A., & Noman, S. (2019). The determinants of income distribution, an empirical analysis of developing countries. Public Finance Quarterly, 64(4), 494-510.Small, O., Brown, L., & Canavire-Bacarreza, G. (2020). The fiscal policy response to public debt in developing countries. Contemporary Economic Policy, 38(1), 155-165.
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