Parochial monetary agreements
Nature: An international monetary agreement would help provide the stabilization necessary for universal economic subsistence; but, because nations continue to fear loss of their individual power, national governments have failed to establish concrete global agreements which include the type of commitment and mutual trust necessary for a universal monetary system. By default, all countries in fact participate in the present reduced monetary systems in which emerging nations are tyrannized by powerful nations.
Problem Type: D: Detailed problems
Date of last update 01.01.2000 – 00:00 CET