The political ties of Caribbean islands to European countries and the United States often influence their economies through trade, tourism, and foreign investment. These relationships can provide access to larger markets and financial support, fostering economic development. However, they may also lead to dependency on external powers, which can limit local autonomy and economic diversification. Additionally, political instability or changes in foreign policy can have immediate and significant impacts on local economies reliant on these ties.
command economies
It created lasting political and economic instability in African countries.
Maybe you were asking why are only certain countries in the European Union? The European Union is a political and economic organization consisting of 27 countries in Europe. To join the European Union countries must have fairly strong economies, be democratic, have abolished the death penalty and other cruel practices and have low(ish) levels of corruption.
After World War II, Western European economies grew faster than their Eastern counterparts primarily due to differing political and economic systems. Western Europe adopted capitalist frameworks, receiving substantial aid through the Marshall Plan, which facilitated reconstruction and modernization. In contrast, Eastern European countries were under Soviet influence, implementing centrally planned economies that stifled innovation and efficiency. Additionally, Western nations benefited from greater political stability, stronger institutions, and integration into global markets.
economies are unstable
Under pressure from Stalin, Eastern European countries refused aid from the United States.
Most European countries would have market economies.
The economies of Central America and the Caribbean are interdependent with other world economies primarily through trade, tourism, and remittances. Many countries in the region rely heavily on exports of agricultural products and minerals to major markets like the United States and the European Union. Additionally, tourism is a significant economic driver, attracting visitors from around the globe, which bolsters local economies. Remittances from citizens working abroad also play a crucial role in supporting household incomes and overall economic stability in these regions.
European countries had many different political systems throughout history. There were oligarchies, monarchies, tyrants/dictators, democracies, etc.
Was called the Marshall plan.
because these people couldnt do anything right
The Former Soviet Union