How does globalization foster interdependence among countries
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Globalization
Explanation:
- The Dependence of nations on other countries for goods and services led globalization as foster interdependence among countries.
- Globalization further increases economic dependence on goods and services from other countries.
- Globalization is a product of a large number of firms from different countries fighting with one another for earning competition.
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Globalization fosters interdependence among countries because:
1. It increases cross border transactions.
2. It generates international capital flow.
3. It leads to the creation of one worldwide market.
4. It helps in the availability of a single product in many regions
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