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Economic interdependence is a consequence of specialization, or the division of labor, and is almost universal. It was described as early as 1838, when A. A. Cournot wrote:
Interdependence is not rigid because firms, individuals and nations may change from the production of one set of products to that of another. Its effects are evident in most general equilibrium theory models which usually require a computer to sort out the complex interactions. The economic interdependence of nations and groups of nations is of special importance. It describes countries/nation-states and/or supranational states such as the European Union (EU) or North American Free Trade Agreement (NAFTA) that are specialized because of climate, the availability of labor and capital, and a variety of historical and cultural factors. Such nations or groups may be dependent on one another for any (or all) of the following:
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GNU Free Documentation License how do events in the middle east illustrate economic interdependence? Q. how do events in the middle east illustrate economic interdependence? Asked by vala - Sun Nov 30 23:25:25 2008 - - 1 Answers - 0 Comments A. the world needs oil, the middle east needs money. good symbiotic relationship. without oil dollars the middle east be nothing more than a sand pile Answered by handsome - Sun Nov 30 23:35:55 2008 impact of the global economy:? Q. Which of the following statements does not accurately describe the impact of the global economy: the world is increasingly arranged in regional economic blocks. government leaders in our global economy are concerned about the competitiveness of nations. the national boundaries of business are disappearing. countries and peoples are increasingly interconnected. there is less economic interdependence between nations. Asked by John H - Thu Sep 10 15:22:15 2009 - - 1 Answers - 0 Comments In the global economy......?
Q. In the global economy, what effects do environmental concerns, developing nations, & growing economic interdependence have? Asked by anna A - Thu Dec 7 21:18:24 2006 - - 2 Answers - 0 Comments A. Here is the thing we have high incomes so if we are to choose an additional dollar or cleaner air we choose cleaner air. For poor countries a dollar for someone might mean living or dying thus they will choose a dollar over cleaner air. With increased interdependence we will export pollution to poorer countries they get the dollar we get cleaner air. In reality we do this by having industries that pollute alot produce in poor countries. We save money by having these companies produce where there is less regulation. The countries make money and feed their kids. Answered by uncle frosty - Fri Dec 8 00:23:33 2006 From Yahoo Answer Search: "economic interdependence" |
