refers to the relationship in which countries find themselves unequal but possessing variable degrees of power and initiative in politics, economics and culture (Straubhaar, 1991)
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independence;interdependence
Globalization leads to interdependence among nations because it brings some nations money and others are brought into poverty. Globalization is good and bad for any nation.
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If interdependence implies a two-way dependence, and if each partner is equally dependent on the other for success, then there is an equal commitment to the making the partnership successful. The advantage is sustainability of the relationship, the disadvantage is that decisions are "democratic" and therefore may take longer to reach and more likely to be a compromise (which is not always the best solution). As the interdependence moves away from equality, the decisions become more influenced by the more independent partner. In the extreme the relationship becomes more dictatorial and more like "Master-Slave". Generally the relationship has less commitment in both directions and is more likely to be temporary. If one generalizes (and one shouldn't), equity partnerships, which is probably what is implied by interdependence, can be slow to progress or change but durable. The extreme alternative, independent-dependent partnerships tend to be efficient but more fragile.
is an umbrella term for a complex series of economic, social, technological and political changes seen as increasing interdependence and interaction between people and companies in disparate locations.