Economic dependence

Economic dependence

When the costs and/or revenues of one project depend on those of another.

Economic Dependence

A situation in which the success of one thing depends on the success of another. This may occur within a company; for example, a project may not have funding unless another project is successful. Likewise it may occur within an economy; for example, an agricultural economy may be excessively dependent on the value of corn such that if the price of corn drops it can have serious repercussions on that economy. Many companies and economies seek to diversify to avoid economic dependence.
References in periodicals archive ?
The political dependence is coupled with economic dependence.
The people of Okinawa suffer mightily by the base presence in many ways, and the island prefecture cannot shake off its economic dependence upon the bases.
Periods of decline in demand for steel made Sydney's residents fully aware of the town's economic dependence.
Exemptions from tariff and domestic support reductions should be revised to take into account relative economic dependence and poverty rather than relying solely on the static and somewhat arbitrary country categories of developed, developing, and least developed.
And while Kosashvili hardly approves of love-squelching traditional ways, he sympathetically portrays their proponents' claim for even the most sophisticated modern conscience, especially when tied not only to close relationships but with economic dependence.
It has become the world's largest manufacturer of newsprint, and Iroquois Falls is attempting to break free of its economic dependence on the company.
If the United States is in a recession, Mexico will be too--because of its economic dependence on the former.
Far from enslaving peasants to ever more expensive seeds sold by monopolistic Western corporations, GM crops have liberated generations of dirt farmers from both economic dependence and destructive agricultural practices.
A significant aspect in this study is the Arab economic dependence on Jews and their resultant weakening position in Israeli society.
It cut its economic dependence on Yugoslavia by declaring the German mark legal tender alongside the Yugoslav dinar.
Generally, individuals are not employees of an association where they have no economic dependence on the association and are not an integral part of the association's operation.
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