Introduction
The development of nations has been attributed to the cohesion and good relationship with the neighboring countries even way before the world wars. The interdependence of the nations led to mutual growth of the countries in same regions which form a web-like connection to cover the world at large (Gilpin, 2018). The primary interactions between neighbor countries were trade and exchange of idea which contributed to industrial and agricultural revolutions in earlier years. This means that the economies of different countries largely depended on the performance of their neighbors (Mansfield & Pollins, 2009). Because of this interdependence, various financial crises have hit regions in the past due to problems emanating from one part which quickly spread throughout the web.
The stability regarding security is also a significant factor in boosting the economy of a particular region (Siebert, 2002). For instance, the Sub-Sahara Africa remains to be among the poorest regions in the world due to instability in the countries in the region. The region portrays political and ethnical divisions, which compromises the development as well as economic growth (Maddison, 2007). Today, international pollical economy uses liberalism theory which advocates for working together for their common goal of prosperity and maximizing conflicts. This means that if the countries have a good relationship and free of conflicts, they will all experience growth economically. If a neighbor country is marred with violence, the citizens will flock the neighboring country as refugees which will definitely affect the host country negatively economically (Gartzke, Li & Boehmer, 2001).
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In conclusion, the world economy generally is dependent on the growth exhibited by every particular country. The formation the United Nations Security Council was to maintain checks and balances among the member countries in advocating for peaceful coexistence internally or externally, which is the primary factor for economic growth in any region in the world.
References
Gartzke, E., Li, Q., & Boehmer, C. (2001). Investing in the peace: Economic interdependence and international conflict. International organization , 55 (2), 391-438.
Gilpin, R. (2018). The challenge of global capitalism: The world economy in the 21st century . Princeton University Press.
Maddison, A. (2007). The world economy volume 1: A millennial perspective volume 2: Historical statistics . Academic Foundation.
Mansfield, E. D., & Pollins, B. M. (Eds.). (2009). Economic interdependence and international conflict: New perspectives on an enduring debate . University of Michigan Press.
Siebert, H. (2002). The world economy . Routledge.
