Global Economy and Development

The global economy is the interconnected system of buying, selling, and exchanging goods, services, and currencies across countries. Development refers to improvements in living standards, education, healthcare, and infrastructure, helping people lead healthier and more productive lives. A strong global economy supports economic growth worldwide, creating opportunities and reducing poverty. However, differences in resources, policies, and technologies among countries can affect development chances. Overall, the global economy influences how nations grow and improve, impacting everyone's well-being through trade, investment, and shared progress.