the global economy (1 Viewer)

[singhsta]

can n e bodytell me what "interdependance between economies" means in the topic: the global economy???

 

[Bambul]

Interdependance refers to increased reliance on one another. In reference to the global economy, it means that countries are now dependant on financial and trade flows between themselves and other countries to function properly, whereas before they could be more or less independant.

 

[Porphyria_J]

just thought ild chuck in a statistic for that as above

eg australias trade dependancy has increased significantly since the 1980's of 34% of our GDP to now over 45%

you can also chuck in stuff on the impact of the Asian Crisis etc and its impact on our CAD etc