International Economics Question

Description

Saudi Arabia’s Evolving Role in Global Trade: Comparative Advantage in a Changing World

1. Research Component:

Analyze Saudi Arabia’s comparative advantages in sectors like oil production, petrochemicals, emerging tourism, and renewable energy industries.
Investigate how global shifts (e.g., technological advancements and climate change policies) challenge these advantages.

2. Critical Analysis Questions:

How has Saudi Arabia’s reliance on oil shaped its comparative advantage historically?
What are the risks associated with over-dependence on one sector for comparative advantage?
Discuss potential strategies Saudi Arabia could adopt to diversify its economy while maintaining global trade competitiveness.

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.

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