Explain with examples how different nation in the world are dependent on each other
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The different nations are dependent on each other since no country is self-reliant and they cannot survive on its own. They are all inter-dependent on each other. Explanation: The countries of the world are all 'inter-dependent' on each other in some form of trade.
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In this age of Globalisation, all the countries of the world (big or small, rich or poor) are dependent on each for some resources or the other, thus and interconnected through trade relations. A few examples of such mutual cooperation are as follows:
- India exports spices and imports crude oil from Gulf countries.
- India exports raw materials to China and imports finished steel products in return.
- Western Multinational companies have their client servicing units and back offices in developing countries of Asia and Africa.
- Regional organizations like SAARC, ASEAN, BRICS etc work towards addressing mutual developmental challenges like terrorism, poverty & hunger, providing relief during natural disasters etc. besides improving trade relations with one another.
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