International Economics Question
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 Turnitin—Student Guide for step-by-step instructions.
- Review the grading rubric to see how you will be graded for this assignment.
Requirements: 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
PLEASE START YOUR WORK WITH INTRODUCTION, GENERATED GOOD SUBHEADINGS FROM THE QUESTIONS AND THEN CONCLUSION
MAKE SURE THE SOURCES ARE WELL DONE. You can use google scholar it has good sources
Answer preview
The Philippines’ economy is one of the world’s fastest-growing at 6.4% from 2010-2019 (Lan & Chengdon, 2020). It enjoys a strong market rooted in consumer demand, a vibrant labor market consisting of young and energetic citizens, and ever-rising urbanization. The Philippines enjoys a lot of business activities, with the most notable being the service industry that is composed of tourism, real estate, and financial and insurance services. This economy saw a decrease in poverty rates from 23.3% to 16.6% between 2015 and 2018. The Philippines economy was dealt a heavy blow when the Covid-19 pandemic struck, which saw a significant contraction of the economy in 2020 (Vidanes, 2020). This was because of a severe decline in investment and consumption, which was further made worse by a decrease in tourism activities,
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