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What is Barter

World Politics and the Challenges for International Security
The exchange of one good for another rather than the use of currency to buy and sell items.
Published in Chapter:
The Economic Component of World Politics and the Main Global Social and Economic Problems
Nika Chitadze (International Black Sea University, Georgia)
Copyright: © 2022 |Pages: 68
DOI: 10.4018/978-1-7998-9586-2.ch013
Abstract
The purpose of this research is consideration and analysis of the main social and economic problems of the world, which are connected with the existence of the gap between “Global North” and “Global South” and problems of the consumption of mineral resources, including energy and water resources, unemployment, illiteracy, health issues, food supply, demography, etc. We are watching the world become one. Countries and regions are interconnected by a thousand threads that make them interdependent. The world economy today is undergoing a process of globalization – the increasing interdependence of the economies of various countries of the world due to the growth in the movement of goods and services and the intensive exchange of goods, information, technologies, and labor migration.
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Main Characters of Globalization in the 21st Century
The exchange of one good for another rather than the use of currency to buy and sell items.
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