Compare the effects of sanctions on the global economies of North Korea and Cuba. Choose a time frame and determine how policies, currencies, tariffs, trade arrangements, and other variables not only impact a country, but a region and the global economy, as well. Examine the monetary aspects of international trade. Explain two monetary effects for balance of payments, foreign exchange, and exchange rate determination of these two countries. Be sure to include in your response the effect of recently reduced sanctions on Cuba.

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