economic interdependence
A situation in which two or more countries or economies rely on each other because of trade, investment, and financial flows.
writing-task-2readingspeakingformal-phrasesGlobalizationWork and economy
Использование в IELTS
Useful for explaining the economic links between countries in globalization essays, for interpreting reading passages on trade, and for discussing global economics in Speaking Part 3.
Примеры
- The steady rise in economic interdependence has made national economies more sensitive to crises in other parts of the world.
- Many economists argue that economic interdependence reduces the likelihood of armed conflict between trading partners.
- The graph illustrates the growth of economic interdependence between developing and developed nations over the past fifty years.
- In my view, globalization has deepened economic interdependence, but it has also exposed weaker countries to external shocks.
Collocations
- growing economic interdependence
- The report highlights the growing economic interdependence between Asian and European markets.
- increasing economic interdependence
- Increasing economic interdependence has led to a more integrated global supply chain.
- mutual economic interdependence
- Mutual economic interdependence is often used to explain why countries hesitate to impose trade barriers.
- level of economic interdependence
- The level of economic interdependence among EU member states is exceptionally high.
- promote economic interdependence
- Trade agreements are designed to promote economic interdependence and shared prosperity.
Word family
- Существительное
- interdependence
- Глагол
- interdepend
- Прилагательное
- interdependent
- Наречие
- interdependently
Paraphrases
- mutual economic reliance: A simpler way to express the idea that countries depend on each other economically.
- interconnected economies: Focuses on the links between national economies, often used in Task 1 descriptions of trade data.
- economic integration: A broader term that covers the process of removing trade barriers and coordinating policies.
- cross-border economic ties: Emphasizes the transnational nature of the relationship.
Распространенные ошибки
- economic interdependent to economic interdependence. Use the noun form 'interdependence' after the adjective 'economic'.
- countries are economic interdependence to countries are economically interdependent. Use the adverb 'economically' and the adjective 'interdependent' when describing a state.
- interdependence of economies to economic interdependence. Although not incorrect, the standard phrase in IELTS contexts is 'economic interdependence'.
- the interdependence between economy to the interdependence between economies. Use the plural 'economies' when referring to multiple countries.