Post
Topic
Board Economics
Re: Why is Inflation Happening All Over the World At Once?
by
Ozero
on 24/04/2023, 19:32:29 UTC
Why does inflation in one country or continent affect the others. Why does it seem like the whole world is experiencing a global economic downturn all at once despite having different economies, different policies, different politics? Here's what I mean from these news headline

- Major fears are sweeping into Israel’s economy


Inflation affects most states at the same time, primarily because strong economic ties have developed between them due to the fact that not a single modern state is able to fully ensure the production of all the necessary goods and products for the normal existence and development of its economy. Therefore, a certain specialization has developed in the world depending on climate, soil, natural resources, concentration of production capacities, and so on. Failure in one part of this specialization automatically causes failures in related production and supply. Well, significant cataclysms and phenomena such as the coronavirus pandemic generally hit the economies of many states at once. All this leads to world inflation after some time.