International Economics
International Economics
16th Edition
ISBN: 9781305887633
Author: Robert Carbaugh
Publisher: Cengage Learning
Question
Book Icon
Chapter 1, Problem 1SQ
To determine

Determine the factors that explain the increasing interdependence among the world’s trading nations.  

Expert Solution & Answer
Check Mark

Explanation of Solution

The world’s economy shows an increasing interdependence in terms of movement of goods and service, capital, and technology throughout the post-World War II era. The historical evolution of the economic and political order of the world reflects through the interdependence between the current economies. Europe and Japan have reindustrialized since the Second World War. Moreover, the emergence of European Community and the organizations of petroleum-exporting countries, as well as the growth of multinational corporations, have led to stronger economic and political relations.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What does Globalizing Trade mean? Explain briefly.
Why and when might a company wish to use a strategic alliance for international expansion?
A primary reason why nations conduct international trade is because
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education