How do international relations shape economic policies? 🔊
International relations are crucial in shaping economic policies as nations navigate trade agreements, tariffs, and diplomatic negotiations. Countries often align their economic strategies with their foreign policy goals, balancing interests in global markets with domestic needs. Furthermore, shifts in international alliances or conflicts can lead to significant changes in economic policy, affecting trade flows and investment decisions. As a result, economic policies are often reflective of broader geopolitical dynamics, underscoring the interconnectedness of international affairs and domestic economies.
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