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
Related UN Sustainable Development Goals:
GOAL 16: Peace and Justice Strong Institutions
Date of last update
16.06.2019 – 20:16 CEST