Economic Dependence

The 21st century is characterized by a high volume of economic exchange, and the relations between nations are often studied through the perspective of globalization, interdependence, integration, or cooperation. Thus, one of the ways to examine modern networks constituted by countries, organizations, and individuals is through the notion of dependence, analyzed from the economic perspective. There are different approaches to the term economic dependence. It may be researched as individual or organizational dependency on notions, materials, or a workforce in everyday performance. In that case, an individual’s success or failure is strictly connected with a person, society, or country providing necessary resources. Economic dependence can also be understood as the lack of economic self-sufficiency and the necessity to rely on external assets, such as when ...