Persuasive essay on one world currency

Among the benefits of a global currency would be the elimination of currency risk and conversion costs in international trade and finance. Economically developing nations would benefit from a stable currency and the removal of currency barriers, which would lead to increased trade among nations.

Many of Keynes' ideas have moved in and out of favor over the past 70 years. But could one global currency really work? Among the benefits of a global currency would be the elimination of currency risk and conversion costs in international trade and finance.

In certain areas, such as Europe, gradually adopting a single currency may lead to considerable advantages. But for other areas, trying to force a single currency would likely do more harm than good.

Although many were surprised by this unusual announcement, the idea of a world currency is certainly not a new one. In fact, one of the most frequently cited backers of a single currency is the legendary economist John Maynard Keynes. Many of Keynes' ideas have moved in and out of favor over the past 70 years.