ABSTRACT
Technological advancement in information technology, communication and transportation has made the world more connected than ever. The close connectivity between one country and another has promised better trading opportunities, as well as greater economic development and growth. However, economies today are also more vulnerable to economic shocks happening in other parts of the world. As such, the governing authorities in many countries strive to develop and implement effective policies in order to sustain their economies’ growth and to cushion against any adverse economic shocks that might affect their economies.
