A Global Currency

[USAlex]

Global Currency? Good idea or no? How should it be gone about if it is? How long-term should this goal be, if at all?

[Australia]

Eehhh... from what I was reading in the Time magazine for this month, global currency does not seem to be a good idea currently. Countries - particularly those not within the same region - have different demographics and geography, which affect specialisations of production within the economy. Setting a global currency may inhibit the rate of growth in a country, which may impact negatively on the living standards. An example would be the EU, where member economies are 'failing to take flight' due to varied monetary policies within the region, etc etc (i.e.: I got bored and didn't continue reading... >.> ...)

I'm not sure how it could be gone about - it'd have a pivotal impact on economies, and may bring more chaos than benefits in the beginning. For it to actually work, there must be synchronised economic reforms throughout most developed nations - starting with those within the G20? It's hard to say... THIS IS A REALLY HARD TOPIC TO ANSWER =W=

[Indonesia]

This is definitely hard to talk about although global currency is a pretty good idea yet I have the slightest doubt about this...

I partially agree with Australia - rarity standards in products and agriculture would differ in each geographical region. It will affect the economy for sure. Also, with one global currency only, each country might possibly end up having the same rate of growth; the big countries would prolly have issues on how they'd keep up with the population's economy standards. I think rates would have to differ within each country, just whatever matches their standards.

Although, having the same currency could do well... you don't need to trade money and such (it annoys me haha)