The understanding of the economy of neighbouring country is essential because Fill in the blank with...........

The understanding of the economy of neighbouring country is essential because_____.( Fill in the blank with correct alternative)

It allows countries to better comprehend their own strengths and weaknesses

It helps countries to identify their competitors

For overall human development

All of the above

Explanation:

- Understanding a neighboring country's economy is vital as it offers insights into their strengths and weaknesses. This can help a country assess and improve its own economic strategies.

- It enables countries to identify their competitors by understanding what sectors the neighboring countries thrive in, thus allowing better strategic planning and adjustments in competitive markets.

- For overall human development, economic interactions with neighboring countries can lead to better policies, technological transfer, and cooperation in areas such as education and health, which boosts human development.

- All of the above options are correct as they contribute to a holistic understanding of why it's important to be aware of a neighbor's economic situation.

Answer: 4, All of the above