So, imagine you and your friends are playing in the park. You all have different toys and snacks, and sometimes you have disagreements on who gets to play with what. This is like how countries work in the world. They all have different resources and sometimes they have disagreements on things like trade, borders, and resources.
The Institute for Economics and Peace is a group that studies how countries interact with each other and tries to figure out ways to make the world a more peaceful place. They look at different factors, like how much crime there is in a country, how much money they have, and even how happy their people are.
The Institute for Economics and Peace also likes to look at how countries can work together to make things better. They believe that if countries can find common ground and work together, they can make the whole world a safer, more peaceful place for everyone to live in.