The question is simply intended to understand and explore on the nature of global economy, whether it is based on relationship of independence, dependence or interdependence .
The current COVID-19 pandemic has generated political, educational, social and economic changes around the world, in order to promote discussion, especially in the economic sector, we share the following manuscript.
Article Economy or Health, Constant Dilemma in Times of Pandemic: Th...
The global political economy is up to us to create, which is why those with the power and resources choose their own balance among independence, dependence, or interdependence. Instead, we could create our own agendas for achieving economic sustainability with the levels of independence, dependence, and interdependence which we seek within different sectors, such as:
1. https://doi.org/10.1007/978-94-017-8959-2_2
2. https://doi.org/10.1016/j.imic.2015.04.001
Global, political and economy are three themes of the question. The producer may produce any product. If the raw materials/technology are available in its country then no question of import. If the producer enjoys monopoly then it can sell independently with unlimited profit. If the producer has to import then it suffers from dependence. If the supplier of raw materials ask for contract then it is the example of interdependence. In fact rich nation can impose and withdraw conditions as per its sweet will.
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