Discuss Saudi Arabia’s participation in the World Trade Organization (WTO).

Learning Goal: I’m working on a international economics question and need an explanation and answer to help me learn.

No : 1

ECN500 -Discussions

Directions:

• Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly peer reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.

• Use Saudi Electronic University academic writing standards and APA style guidelines.

Question 1.

International trade is subject to trade regulations and industrial policies. The Kingdom of Saudi Arabia is also subject to these regulations because of signed trade treaties or membership in various trade organizations. For this week’s discussion, please:

1. Discuss Saudi Arabia’s participation in the World Trade Organization (WTO).

2. Then, compare and contrast the Kingdom’s WTO involvement with its participation in the Gulf Cooperation Council, League of Arab States, and the Trade and Investment Framework Agreement (TIFA) Saudi Arabia signed with the United States.

3. Which membership or trade agreement benefits Saudi Arabia the most?

4. Please explain your position.

Question 2.

Trade Policies for the Developing Nations
International trade provides benefits to a country’s producers and consumers. However, some economists warn that developing countries are disadvantaged by the current international trading system.

1. Select an Eastern European country that belongs to the European Union (Bulgaria, Czechia, Hungary, Poland, Romania, Slovakia, Slovenia).

2. Provide the most recent economic data for that country, then discuss how membership in the European Union affected the economic conditions in the past 10 years in the country you selected.

3. Discuss the economic trade policies would you implement to continue the economic rise of the country you analyzed?

Question 3.

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:

1. 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?

2. What are the driving factors for the deficit or surplus?

3. What policies should the government implement to improve the external position of the country?

Question 4.

Economic and monetary policies and/or sanctions have a direct impact on international trade. For this week’s discussion, please:

1. Discuss the Russian-Ukrainian war that began on February 24, 2022, and the subsequent economic sanctions against Russia. Specifically, appraise the effect for Russia of being disconnected from SWIFT, losing the Most Favored Nation status, losing its oil export to the United States, and being barred from obtaining loans from the International Monetary Fund and the World Bank.

2. Distinguish the implication of these sanctions for Russia’s trading partners.

3. Appraise how the Kingdom of Saudi Arabia can navigate the new economic climate caused by this crisis

No:2

ECN500

Module 10: Critical Thinking Assignment 4.

Currency Depreciation

Exchange rate fluctuation may affect industries that are in direct competition with foreign producers or rely on their supplies. Specifically, international competitiveness is affected through the influence the exchange rate has on relative costs. In a critical essay, assume that the following four events are taking place:

• Americans increase their travel to Europe.

• Saudi investors purchase large amounts of U.S. stocks

• U.S. interest rates increase suddenly because of a relative increase of world interest rates

• Other countries experience economic and political turmoil and become less stable when compared to the United States.

Then, please answer the following questions:

• How will each event affect the foreign exchange market?

• Will your answer be different if the currency was pegged?

• Please explain if a dirty float system will change your assessment

Directions

• Your essay is required to be five to six 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.

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