globalization interdependence

What Do You Mean By Global Interdependence In The Global Economy?

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What Do You Mean By Global Interdependence In The Global Economy? Global interdependence refers to worldwide mutual dependence between countries. In other words, mutual dependence at a worldwide level. One nation depends on another for something. … Global interdependence is largely the result of international trade, i.e., the importing and exporting of products and services.

What Is Interdependence In Globalization?

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What Is Interdependence In Globalization? Interdependence refers to two or more countries that impact and rely on each other, while globalization is the economic, social, and political interaction and integration of people in different areas of the world. … Among the social effects are cultural exchange and diversity and the loss of some local traditions.