Economic Interdependence in China Free Essay

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Economic Interdependence in China

Interdependence is the ‘mutual dependence’ which can be differentiated from mere interconnectedness on the basis of reciprocal costly effects of transactions. To go deeper into the discussion, interdependence signifies a situation in which unilateral action by one state fosters for one or more other states and/or their common goals. From the above definitions, we can see that EI means the economic transactions among countries in which one’s decision will affect the other(s). Theoretically, the relationship needs not to be beneficial as the effects may not be mutual benefits. However, in China’s case, economic interdependence usually refers to the co-operation between China and the other countries. This co-operation has shaken the b

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