In the 21st century, global trade has helped many countries, but there are still big differences between countries’ economies.
Rich countries like the United States and Germany have strong economies. Other countries like Panama and Senegal are still growing their economies.
In 2017, the world’s top 10 economies were the United States, China, Japan, Germany, the United Kingdom, France, India, Italy, Brazil, and Canada. Some experts think that by 2050, China will be number one. India will be second, and the United States will be third. Countries like Mexico, Turkey, and Vietnam are growing fast. They might become stronger than France and Italy.
Technology like smartphones has made the world more connected. People in developing countries see how much better life is in developed nations. They want that kind of life, too. Boosting economic development could help avoid creating conditions that lead to war and other dangerous situations.
