经济essay写作—欧洲国家间的经济依赖

www.12y.org 留学生活网 专业留学essay代写网站经济essay写作欧洲国家间的经济依赖Economic Interdependence between European countriesWhy is economic interdependence necessary?When we talk about economic interdependence between countries the first and foremost factor that comes to mind is the exchange of goods and services then the flow of labour, capital, technology, and finally the flow of funds. Helpman (2011) describes the economic fortunes of a country being intertwined “via trade, foreign direct investment, and financial capital flows”. Helpman also talks about how the global crises of 2008 illustrated the importance of this interdependency between countries when it caused the volume of international trade to fall by almost a quarter which then adversely influenced even the countries with a sound financial system. Coming to the first aspect of the exchange for goods and services (trade); it is indeed, essential to trade in order to derive maximum benefit from the efficient use of scarce resources available and as economic development and progression takes place resultantly because of globalisation, international trade is becoming increasingly popular particularly when it comes to European countries. Piggott and Cook (2006) talk about the need for international trade quite comprehensively: “exports and imports can smooth demand fluctuations in the domestic economy, and growth via exports could increase competition at home. Therefore basically trade allows firms to escape the confines of the domestic market, so reducing costs, improving quality and hopefully leading to higher sales and profits”. Furthermore, this leads to the countries then helping even their businesses or organisations obtain a competitive advantage through specialisation and giving them access to international markets which in turn helps boost the economy even more.Europes global economic positionMost of the countries in Europe have a significantly high GDP per capita and are considered to have extremely developed economies when it comes to the Global market; examples of which include Germany, France, Netherlands, and so on. In fact, the International monetary fund in its latest report in 2018 places most of the European countries in the advanced economies category whether it is in final domestic demand, stock building, or foreign balance. It is especially impressive that most of these countries progressed themselves post communism particularly with European countries like Hungary and Latvia undergoing financial crises as Grzegorz Ekiert (2012) puts it “these countries political and economic achievements have been in stark contrast to the failures seen in other post-communist states.”The most important role in economic development however, has to be acknowledged as well which is the economic interdependence between these European countries.Economic interdependence and its importance“Economic interdependence is occurring due to specialization of countries, as they are dependent on others in the purchase of products which are not manufactured nationwide.” (Surugiu, 2015)It should be of a common understanding that progress cannot be achieved by being alone or confining to a limited way of approaching desired economic objectives and it proves to be true in the global economy as well. As more countries pool in their share of different scarce resources and bring about extra demand as well from their economies they do in fact help in reducing the wastage of resources. Needless to say, this really does synchronise with efficiently allocating these available resources too. When we talk about globalisation and economic interdependence the most critical element to have are good international relationships between countries due to the aforementioned fact that it is not only international trade that influences the countries economies but also other economic factors such as the flow of labour, easing of trade regulations or even financial tie-ups. These relationships are usually quite diplomatic and do involve a collaboration from both sides, it could even be argued that this relationship in itself is an exchange in order to achieve mutually favourable growth thus, these can also be the difference between maintaining peace and economic well-being. Paul Wilkinson(2007) talks about how paramount these can be in his book “some of the major problems and challenges of international relations reveals that we live in a very dangerous world, and that many of the most serious threats to our peace, security, and economic and social well-being are the result of human actions.”How and why European countries are economically interdependentBeing geographically close such as the countries within Europe gives them an advantage to not only make trading easier and quicker but it also provides them with a strategic advantage of achieving their political missions and their businesses with a competitive edge in the international markets. When countries d