Problem

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
Subject(s):
Money
Agreements
Policy
Date of last update
01.01.2000 – 00:00 CET