One world currency and free trade
1. Discuss the advantages and disadvantages of having one
world currency.
2.There are several trade agreements around the world which
involve many countries. In North America, for example, there is the North
American Free Trade Agreement (NAFTA). These trade agreements spell out the
rules for trade amongst the nations which abide by the treaty.
Some advocates of NAFTA are in favor of expanding the
agreement to include all nations in North and South America (although it is not
clear if Cuba would be included).
Discuss the benefits and costs of such a sweeping trade
agreement. Consider the various countries involved (you do not have to look at
all of them!) and what it means for first and third world nations to join in
such an agreement.
