what is objective fo conventional economic
In answer to your question let us look at economy on a global scale.
The Fragile International Economic System Global interdependence. As one international financier explained: “The world is one. Our economy is global. . . . The idea that a solution can be unilateral in a global economy is nonsense.” For example, a recession in Western countries is soon transmitted to poorer countries, who find that there is no longer a demand for their products. Likewise, a rise in interest rates in the United States means that Latin American and African nations will have more problems paying the interest charges on their debts. Generally speaking, the poorer the country, the less influence it has on the overall economic climate, but the more vulnerable it is to unfavorable economic winds.
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