The existence of world markets may reduce the leverage that one state can exert over another in economic affairs because __________.

Question

Quizplus · Accepted Answer

World markets offer a range of options for states to engage with different partners and diversify their trade and economic activities, thereby reducing the leverage of another state to control or influence their economic affairs. This is because if one state were to threaten to cut off economic ties or impose sanctions, the other state could seek alternative partners and sources of trade. Therefore, having access to a wider range of partners in the international economy can reduce the dependency of states on any one particular country or market, which in turn limits the leverage that other states may have in influencing their economic affairs.

The Existence of World Markets May Reduce the Leverage That