The document discusses globalization and currencies. It defines globalization as the interaction and integration of technology, communication, economy, transportation, politics, and culture across national borders. It also defines currency as a form of money used to conduct trade and exchange goods and services. The document notes that a single world currency could reduce transaction costs and currency risk while helping control current account deficits and currency failures. However, an ideal global currency would need to maintain a fixed value while allowing independent monetary policies and free convertibility between countries. It acknowledges that different countries face different economic problems, like debt crises, inflation, and depression, and the costs of a single currency would likely impact nations differently.

1. Prepared by: Sabira and Jesica.

2. What does Globalization
mean?
 Interaction
 Integration
Involves:
 Technology communication
 Economy
transportation
 Politics
 culture
infrastructure

3. Definition of 'Currency'
 Form of money
 Exchange for goods and services
 Basis for trade

4. Benefits of a single world
currency
 Transaction costs
 Forex reserves
 Currency risk
 Currency failure
 Current account deficits

5. An ideal currency would be
characterized by three
attributes:
a fixed value
 convertibility
 independent monetary policy

6. Different
countries

8. I want to stimulate the
economy, so I have to
carry on relaxed
currency policy!

9. In order to control
inflation, we must
tight currency!

10. U .S .A !P K! FRANCE
GERMANY
CHINA
U.K.

11. 2.Different countries face different problem
FRANCE
u.k.
U.S.A.
china

12. U.S.A DEBT CRISIS
CHINA INFLATION
(CPI)
GERMANY DEPRESSION
…

14. 3.Costs for different countries are not
the same.
COINS RIGHTS
Which country should own it, how to decide, by war?

17. By jessica, sabira