globalisation and one global currency
TRANSCRIPT
IN THE FUTURE WILL THERE BE JUST ONE GLOBAL
CURRENCY AND WILL THIS BE GOOD FOR BUSINESS?
Prepared by: Sabira and Jesica.
What does Globalization mean?
Interaction Integration
Involves: Technology Economy Politics culture
communication
transportation
infrastructure
Benefits of a single world currency Transaction costs Forex reserves Currency risk Currency failure Current account deficits
An ideal currency would be characterized by three attributes:
a fixed value convertibility independent monetary policy
Different
economic positions
Different
problems
Different
costs
Different countries
3.Costs for different countries are not the same.
COINS RIGHTS
Which country should own it, how to decide, by war?
Evaluation
Elimination of
transaction
maintaining forex
reserves
benefiting foreign
investors
foreign investment
decisions
advantages
disadvantagesDifferent economic positions
Different problemsDifferent costs