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17 votes
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Why have the worlds economies become interdependent?
Topic:Rise of the Globalization

User Fido
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2 Answers

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This is because of the World war 2 period when there had been a result of technological progress such as computerisation,low cost travel or low cost communications.Associated policies that were also aimed at opening national economies.They depend on other nations for their needs such as international trade.
User Gebuh
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10 votes
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Industrialization is a major cause of economic interdependence. Advanced economies often become dependent on other nations for goods and services they do not produce themselves. In general, nations benefit from economic interdependence.

Explanation: rise of globalization:

The need for countries to rely on each other for these resources creates a global interdependence. In fact, the drive of globalization creates a robust interconnection of the world network through borderless operations of countries, making it easier to interact, trade and build a co-operative world.
User Bsguedes
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