Paper Title
The Impact of Globalization on Economic Growth and Development

In the contemporary day, the act of exchange necessitates the presence of value, typically encompassing monetary transactions, intellectual concepts, tangible goods, and technological advancements. The overall impact on the economy, whether direct or indirect, has been either beneficial or bad. Trade has a long history, dating back to the barter system. In Somalia, trade gained popularity during the colonial era, and since then, Somalis have recognized the need of engaging in both internal and international trade. International trade is considered a crucial driver of economic progress. The growth and prosperity of an economy, as measured by output and per capita income, depend on domestic production and consumption as well as the exchange of goods and services across borders. This study investigates the influence of globalization and international trade on the economic expansion of Somalia. Keywords - Globalization, Economic growth, Development