What is Monetary System

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.