Miami Dade College Economics Essay
Description
Write a research essay on the following topic:
Due to the recent Russia-Ukraine war, the international oil price is rising. What are the implications of the rising oil price on developing countries’ Balance of Payments, Development Finance, Inflation, External trade, and inflation? Give rational arguments based on the topics learned in the second half of the course. Do you think the measures currently taken by these governments are sufficient? If not, what other policies would you like to suggest based on theory and global evidence?
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