Global economic integration has increased the interdependence of countries from "summary" of International Financial Management, Abridged Edition by Jeff Madura
The increasing interconnectedness of national economies has been a defining feature of the global economic landscape in recent years. This phenomenon, known as global economic integration, has resulted in a higher degree of interdependence among countries. This interconnectedness has been driven by various factors, including advancements in technology, the liberalization of trade and investment policies, and the growth of multinational corporations. As a result, countries are more reliant on each other for trade, investment, and financial flows. One of the key aspects of this interdependence is the increasing cross-border movement of goods and services. With the reduction of trade barriers and the expansion of global supply chains, countries are now more reliant on each other for access to goods and services. Th...
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