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it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition
It expanded trading, contributing to a strong economy in China
Cod, boisterous winters generally confined farming, trading, warring and cultural activities to the warmer months.
It makes trading with other countries much more harder.
because the just do
=a lot!!!=
The simplest answer I can think of is that if the western or global economy declines in output (lands in recession), that for the most part countries will also decline in gross domestic product (answer) . Because output decreases in a different country whom you are trading with, exports from that country will decrease since output has declined, and imports from that country will decline since they are raking in less revenue. This has a domino effect on all countries that they are trading with. The significance of this kind of fall depends on how much that country imports/exports. If a country like Germany or China exported less it would be devastating to the global economy and our national economy would be really bad to say the least. (explanation) So the status of our economy heavily depends on the global economy because of trade.
Europe is one of the most technologically advanced/industrialized areas in the world, and was the first in fact. It has some of the highest economies on Earth and is a major player in the world economy, so you can see how it would effect other countries' economies.
the effect of black market currency in Nigerian economy
What effect did the trading civilization of Phoenicia have on the ancient world?
50% of oil comes from Canada, and is a raw material. Without it, the economy in the U.S. could suffer drastically, not to mention water and lumbar that is dependant upon other countries.
Latin America was commercially dominated by the united states. Similarly, China's economy was controlled by Japan and other countries. (APEX)