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interdependdnce netween nations, access to low cost resources and workers of a nation good or bad

interdependdnce netween nations, access to low cost resources and workers of a nation good or bad
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Features mentioned above are good . Being interdependent on each other , having access to low cost resources and workers of nation, leads to reduction in the cost of prodution and also increases the efficiency of the worker. Being interpendent helps a nation to focus on the product in which it has relative advantage in production over the others, and import the other products from the other nations. This specializes the workers in production of a product and eventually lead to reduction in the cost , making it available at a cheaper price to consumers of different nations.

These features also helps in development and growth of the economy , and also strengthens the relation between different nations.

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