Select an emerging market country that is most at risk from default. The paper should identify the probability of default. Give the major reasons why default is likely. It also shows what is expected to happen to the currency, to international trade, and to the country's overall economy. Show that you can think clearly and compile a good analysis.

a$.$ Default is a very serious financial matter. It means the country does not have the money to pay its debts. This calls for a financial calculation, not an opinion. Be objective. Use facts and analysis. The coronavirus puts many countries at greater risk of default. Get the facts. $($Read the Wall St$.$ Journal to find out.$)$

b$.$ Trouble in big economies means trouble in small economies. Find out how much your choice owes. Be specific. Never write, $$They owe a lot of money.$$ To whom do they owe it$?$ Have they been paying what they owe?

c$.$ Avoid foolish choices. Japan is a rich country. It is not emerging and is not at risk of default. Venezuela has already defaulted. Greece is back on track with better financial management. No eurozone country is emerging.$$