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Worldwide economic interdependence refers to the interconnectedness of national economies through increased cross-border trade and the free flow of capital. This phenomenon leads to countries relying on each other for goods, services, and investments, fostering global supply chains and collaboration. As economies become more interdependent, they can benefit from comparative advantages but also face vulnerabilities, such as exposure to global economic fluctuations and trade disputes. Overall, this interdependence shapes international relations and economic policies.

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1mo ago

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