The mutual interdependence refers to the mutual dependence that various countries have on one another with regard to importing and exporting goods and services is referred to as______________.

Question

Quizplus · Accepted Answer

Global economic interdependence refers to the interconnectedness of economies around the world due to the cross-border flow of goods, services, and capital. It implies that countries depend on one another for trade and commerce, and no country can fully sustain itself without engaging in international trade. Therefore, option A is the best choice as it defines the concept of mutual interdependence accurately. Option B is incorrect as industrialization refers to the process of developing industries. Option C is incorrect as transnationalism refers to the movement across national borders of people, ideas, and cultural practices. Option D is incorrect as it is a broad term that is not as specific as option A.

The Mutual Interdependence Refers to the Mutual Dependence That Various