The following are the various methods by which nations are attempting to strengthen their domestic economies.
(i) Nations are forming various regional and economic groupings such as SAARC, European Union, G-8, G-20, ASLAN, and others in order to strengthen their economies through economic cooperation among the countries in the group in order to protect their common interests.
(ii) They are also attempting to understand and analyse the development processes of their neighbouring countries in order to assess their strengths and weaknesses and formulate policies accordingly.
(iii) Nations have also opted to liberalise their economies by limiting government intervention in economic activities. Market forces govern the economy, promoting efficiency and strengthening it.
(iv) Nations have also adopted the globalisation process to integrate their economies with other economies around the world in order to provide a large international market for domestic producers and attract foreign investment.