what does development mean?

Development, which has many meanings in different contexts, has a particular international component within the human development in this class. Therefore, it encompasses globalization and fighting poverty, and the development of institutions, economies, health care, and education.
With the development of technology and internationalization integration of industrial production, economic development brings nations closer. After the World War Two, the technology boom stimulated the global economic development. Along with the increase of productivity and specialization on the global scale, information technology also helps to align with the development of nations.
Economic globalization, which includes the international trade, international investment, international currency, and international cooperation, has a profound impact on the world economy. First of all, the productivity increases dramatically. International specialization enhances the international cooperation and globalization lowers the barrier of trade, promoting the optimization of human capital and driving the exchange of merchandise, capital and resources. International finance is the core of the international economic operation, facilitating the international production and capital internationalization.
Countries are interdependent under the economic globalization. However, the negative effects on the enormous world income polarization have been highly controversial.
For less developed countries, the globalization exacerbates the unequal development. Developed countries take away most of the benefits, leaving little to their less developed partners.
As the first paragraph in the book Globalization for development has noted, ”(t)he relationship between globalization and poverty is not well understood. For many, globalization is held out as the only means by which global poverty can be reduced. For others, globalization is seen as an important cause of global poverty”. However, the