Fed tapering impact on dependent economies

This paper is a take on how the Federal Reserve’s actions not only affect the United States but also a series of other economies related through trade. It is an era of globalisation where one or the other country is connected. It has given rise to situations where things are likely to follow a ripple effect. This paper will focus mainly on the kind of effects the Fed’s decision have on other economies and what all those economies do in order to minimize the damage and maximise the benefit of it.