Why has the world’s economies become interdependent?

Spatial and temporal components, such as international trade, global levels of political representation, global communication, the increased speed of transactions, travel, political change, resource depletion, social mobilization and impacts of increased cultural exchange has undoubtedly increased the level of global

The foremost global economic powers of the time raised rates against each other to fix their own economies, leading to a collapse in international trade. When organizations, including the World Bank and the IMF, increased the level of international trade and worldwide investment, it therefore increased global economic interdependence.

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