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Asked by Parna Last Modified
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Nations are forming various regional and economic groupings like saarc, european union,G-8, g-20 aslan etc in order to strenthen their economies through economic corporation among the countries in the group to safegaurd their common interst.
They are also trying to know and analyise the development process adopted by their neighbouring nations so as to evaluate their strength and weakness and formulate policies accordingly
3. Nations have also assorted to liberlising their economies by minimising their government interference in economic activites
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Various means to strengthen own domestic economies are 1.nurture natural resources without wastes or overuse2.develop human resources with education h health services 3.develop entrepreneurs 4.develop technology use, 5.stable capable govt & govt policies eg monetary, fiscal policy, 6political,social peace in nation
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