Question

23. list
any
1-2 impacts of lack of ecnomic
inderdependence on the ecnomy of a place.
please answer kar do urgent hai ​

Answer 1

Answer:

Here is your answer mate:-

What is economic interdependence of countries?

Economic interdependence is a relationship between two or more people, regions, nations or other entities in which each is dependent on the other for various economic variables such as goods, services, currency, financial tie-ups, etc. Economic interdependence often occurs when all parties are specialized in the fulfillment of some requirements, and must trade with others for unmet requirements.

This economic interdependence or economic integration centers on the four main economic flows that characterize globalization:

Goods and services, e.g. exports plus imports as a proportion of national income or per capita of population: higher the percentage higher is the intensity of globalization of the country because its shows higher interdependence between this country and other countries (of course, both exports and imports must be high, only imports will not do)  

Labor, e.g. net migration rates; inward or outward migration , weighted by population – higher the incidence of migration, preferably both ways, higher is the interdependence between this country and other countries.

Capital, e.g. inward or outward direct investment as a proportion of national income or per head of population – the higher is the flow of one country’s citizens’ investment in other countries and vice a versa, the higher is the interdependence among countries in terms their common interest in the growth and development of all countries, and therefore higher is the extent of globalization.

Technology, e.g. international research & development flows; proportion of populations using particular inventions; the more different countries co-operate and collaborate on technological progress and take each other’s help on technology adaptation, the greater is the interdependence among them and greater the extent of globalization.

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