Globalization has increased economic interconnectedness from "summary" of The Economics Book by DK
Globalization has transformed the world into a more interconnected and interdependent place. This phenomenon has brought about a significant increase in economic interconnectedness among countries around the globe. The integration of national economies through trade, investment, and technology has created a network of relationships that transcend borders and shape the way businesses operate. One of the key drivers of economic interconnectedness is the rise of multinational corporations. These companies operate in multiple countries, producing goods and services that are traded internationally. As a result, the fortunes of these corporations are tied to the global economy, making them sensitive to economic developments in other parts of the world. Furthermore, advancements in technology have made it easier for businesses to connect with customers, suppliers, and ...
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