international-dependence model

The International Dependence Model is a model of economic relations between states. It suggests that economic and political ties in the world are becoming more interdependent and more complex as countries become increasingly involved as global actors in various fields. The model also predicts that countries' economic growth, prosperity and security are directly linked to their international relations and the wider global context. In particular, the model suggests that economic success is dependent on a wide variety of factors beyond a country’s domestic policy decisions. This includes factors such as global economic trends, international trade and investment, political stability and legitimacy of governments, as well as other international factors such as foreign aid, global debt relief, and international assistance in the form of technological and financial assistance. The model further suggests that global economic health and prosperity can only be achieved by utilizing a coordinated and collaborative approach between countries. This may include improving global financial stability, creating an enabling environment for markets and open trade, seeking mutually beneficial international agreements, and developing effective international institutions. Each nation, then, must be willing to cooperate and work together in order to promote their mutual interests.