Global interstate system

• Global Interstate System- fundamental basis of the competitive commodity economy at global system level.
• International Relation (IR)- Defined as the study of inter-connection of politics, economies, and law on a global level.
• Economic Interdependence- relationship between countries in which each country is dependent on another for necessary goods and services.
• Economic integration- A process whereby countries cooperate with one another to reduce or eliminate barriers to the international flow of products, people, and capital.
• Political Integration- refers to the integration of components within political system.