Global Interdependence

As technology of the past gives way to the technology of the future, the world is becoming a smaller and smaller place. In economic terms, Global Interdependence is increasing as time goes on. In other words, we as the United States, as well as other countries, rely on each other for the three factors of production, Land, Labor and Capital. As noted in Thomas L. Freidman’s book, The World is Flat, there are several instances in which the Global Interdependence started. For example, the introduction of the Internet created a common forum in which people could connect to each other instantly was revolutionary in the interdependence process. In addition, the Global Interdependence Center, located in Philadelphia, PA is a non-profit organization that has a global goal. According to the GIC their mission is to “encourage the expansion of global dialogue and free trade in order to improve cooperation and understanding among nation states, with the goal of reducing international conflicts and improving worldwide living standards.” The American Economic system has become closely linked to foreign economies through global interdependence by the rise of new technologies, methods of communications and transportations that break down barriers that previously could not have been broken. This is shown in our relationships with countries and organizations such as China, The European Union, and OPEC.

As Globalization increases, countries become more reliant on each other for resources such as oil. Oil, nicknamed “Black Gold,” has become one of the most valuable resources in the world. According to the Central Intelligence Agency (CIA), the United States of America is the largest consumer of oil in the world, devouring a whopping 19,150,000 b...

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...ds and it would help us make a firmer footprint in history.

Works Cited

Thomas L. Friedman, The World Is Flat: a Brief History of the Twenty-First Century, 1st updated and expanded ed. (New York: Farrar, Straus and Giroux, 2006), page nr.

http://www.interdependence.org/about/overview-mission/

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html

http://www.cnbc.com/id/41887743/The_World_s_15_Biggest_Oil_Producers?slide=16

https://www.cia.gov/library/publications/the-world-factbook/geos/sa.html

http://www.opec.org/opec_web/en/data_graphs/330.htm

http://recession.org/history/1970s-oil-crisis

http://www.wto.org/english/thewto_e/whatis_e/wto_dg_stat_e.htm

http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm

http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm#nondiscrimination