One World Currency Essay

August 16, 2017 General Studies

With the development of international communicating. the universe becomes smaller. Many countries such as nutrients and civilization from different portion of the universe become integrate. Some parts of the universe connect closer than of all time before scope from jurisprudence to currency. like the European Unions. Some people come up with such an thought that is what if we use the same currency all over the universe? There is no uncertainty that utilizing one-world currency will convey tonss of benefits to international trade. Twelve states of the European Union have already used the same currency.

One obvious advantage to clients in those states is that they can buy more goods than earlier with lower monetary value. All of the concern in those counties can merchandise freely. Merchants can acquire more opportunities than of all time before and authoritiess can besides acquire more foreign investing. Using one-world currency besides benefits travellers. As people are populating a better life than earlier. traveling is a good pick for us to pass our leisure clip. If we use the same currency all over the universe. we can go without sing exchange rates. There is no demand to alter money any longer.

Travel seems to be more gratifying and attractive. When we use the same money at abroad as that at place. we will experience like we are indigens. We all think we are a member of the whole universe. It is good for the universe peace. However. there are besides some drawbacks if we use one currency. First of all. it is really unstable to utilize one-world currency. Once a state breaks out a fiscal crisis. finance of other states will besides be influenced. Like Eurozone. when the debt crisis occurred in Greece. other states in Eurozone besides suffered a batch.

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This showed that it is really difficult to keep the stableness of fiscal universe. We should besides see many obstructions lie on the manner of currency integrating. For illustration. civilizations are different and economic public presentations vary a batch. True. there are some advantages if we use one currency. However. when comparing to its disadvantage and obstructions at this phase. it is non deserving to state. I think we can accomplish the dream of utilizing one currency merely if all states in the universe have similar economic public presentation.

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