But the greater interconnectedness of Australia with the rest of the world is also reflected in greater competition – and with that comes competition not just for lower prices, but also over labour costs.
Existing without that system and with greater interconnectedness among global banks does not bode well for the ramifications of Greece exiting the European Union.
Moreover, individuals with greater interconnectedness across networks typically exhibit greater innovative capacity [ 7].
As globalization leads to ever greater interconnectedness between companies and to the instant spread of news and commentary on the Internet, companies from Apple to Wal-Mart need to very aggressively oversee the actions of all the companies they work with and invest in training to ensure that events can't spiral out of control.
With greater interconnectedness, however, comes greater complexity.
Megan Smith, Vice President, New Business Development and General Manager, Google.org., argued that greater interconnectedness achieved by information technology is a major liberating force in the world.
While a large proportion of the world is benefiting from greater interconnectedness, Africa still lacks the infrastructure to take full advantage.
My contention is that the world's larger trends — greater interconnectedness, faster speed, democratized access to technology — make randomness an ever-more-important factor.
3 4 5 This is plausible as, apart from improvements in life expectancy, the greater interconnectedness increasingly allows rural populations to adopt urban lifestyles without migration to urban areas.
"To the extent that banks find the single counterparty position limit onerous, this should only alarm us with respect to the great interconnectedness of the system," a group of Stanford University professors led by Anat Admati wrote in an April 30 letter to the Fed.
If a natural hazard occurs in a restricted area of the Earth, its impact may be felt worldwide due to our current great interconnectedness.
