Golbalization?
If the world became Globalized.would all currency be equal? I wouldn't think so being as USD and a EURO are at different values. I heard if we were a golbalized planet money would be the same everywhere and labor would cost as much everywhere.
Answer:
technically yes becuase different currency values are a form of abrrior to trade becuase of conversion costs and fluctuations, labour costs would not be the same of the more educated workers would be paid more and since there is a higher percentage of educated workers in the developed world labour would be more expensive but should be more productive.
what your refering to you is a long ways away from ever being a reality. Just think of how many super poor nations there are out there whose money is next to worthless. If we were to unify all monetary systems, it would cripple the economies of the industrialized world and hinder, not promote progress
No, I don't agree. What I know is that richer countries would grow richer and poorer countries would become poorer. Industrialized countries decide how much they will sell their tractors for. They also decide on how much they will buy produce for from developing countries for. It is a win/lose situation for rich countries as against developing countries.
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Answer:
technically yes becuase different currency values are a form of abrrior to trade becuase of conversion costs and fluctuations, labour costs would not be the same of the more educated workers would be paid more and since there is a higher percentage of educated workers in the developed world labour would be more expensive but should be more productive.
what your refering to you is a long ways away from ever being a reality. Just think of how many super poor nations there are out there whose money is next to worthless. If we were to unify all monetary systems, it would cripple the economies of the industrialized world and hinder, not promote progress
No, I don't agree. What I know is that richer countries would grow richer and poorer countries would become poorer. Industrialized countries decide how much they will sell their tractors for. They also decide on how much they will buy produce for from developing countries for. It is a win/lose situation for rich countries as against developing countries.
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