CORDIS Project
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This project analyzes the interconnectedness of global markets using Graph Theory to understand how regional developments influence global economics. It aims to identify crucial links in supply and demand networks and explore strategic behaviors of economic agents within these networks.
Thanks to the decreased cost of transportation and communication, the world became a densely connected network.
This is particularly true for economics.
Regional developments affect the rest of the world.
Similarly, global trends influence all regions.
International trade connects world markets to the extent that the world prices are determined by a global process.
The price of petrol is influenced by the Chinese economy, Middle East politics and the weather in the North Sea.
The market for natu…
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