in a global economy one country's economy can affect others if country a is going through a time of expansion it may purchase goods and services from country b that would promote in country b
economic growth and create jobs. Additionally, increased demand from country A can lead to an increase in exports for country B, boosting its economy.
On the other hand, if country A is experiencing an economic downturn, it may reduce its imports from country B, leading to decreased demand and potential job losses in country B. Moreover, if country A's economic troubles are severe, it might have a ripple effect on the global economy, impacting other countries as well.
Furthermore, financial crises, such as the 2008 global financial crisis, have demonstrated how the economic troubles of one country can quickly spread to other parts of the world. In this interconnected global economy, financial markets, banks, and businesses are interdependent, and a shock in one country can have repercussions on others through contagion effects.
Overall, the interconnections in a global economy make it crucial for countries to monitor and collaborate with each other to ensure stable economic growth and minimize the adverse effects of economic fluctuations.