Global interdependence refers to the interconnectedness and mutual reliance of countries and regions around the world. It involves the exchange of goods, services, information, and ideas on a global scale.
Related terms
Trade: The exchange of goods and services between countries or regions.
Economic globalization: The increasing integration of economies across national boundaries through trade, investment, and technology.
Dependency theory: A theory that explains how some countries become economically dependent on others as a result of unequal power relationships.