PAPER PRESENTATION - I ONE WORLD ONE CURRENCY

INTRODUCTION: One world, one currency policy is a global uniting policy. This policy was introduced by a European union. My main objective is to explain What is meant by one world, one currency policy? What are the advantages and disadvantages present in this policy?

ONE WORLD, ONE CURRENCY POLICY: Today many affairs are happening around us. But we are always concentrating on our welfare. No one bother about what is happening around us. Nowadays peoples are turned to hypocrites. The rate of poverty, terrorism, crimes are increasing day by day. These illegal activities are not takes place in one country, but all over the world. Nowadays a rich man becomes poor man with in few minutes due to monetary problems. Middle class and poor family are also struggling a lot to pass one day as one year. Unemployment is another major problem faced by the literate and illiterate people. These monetary problem increase terrorism, robbery, cybercrime to continue in the world. Today world eagerly seek peace in their life. On January 2012, European Union arranged a meeting with higher officials and military officials of many countries to solve these problems whatever happening in around the world. This meeting was held under guidance of Alexander wardrobe who is an economist and politician in Europe. The main discussions of this meeting about the frequent reduce of Dollar and Euro rate, which reflects the economy rate of other countries .Due to this Current price of the products get increased, unemployment also increasing day by day? For these problem European Union obtain a solution is ONE WORLD, ONE CURRENCY POLICY, which means all countries in the world become one country and use one currency. In the European Union meeting government leaders, economist, business leaders and others have accordingly raised the call for some sort of reform of global finance system. A global currency would be an important step in promoting economic justice in the world, removing the advantage of a few favored countries whose currency is seen as stronger or more secure and preventing the poor from being hurt by the impacts of currency fluctuations. By this policy one man from European Union or global union can rule all over the world. He will become a king or emperor of the world. And they will try to bring peace to the world.

ADVANTAGES OF THIS POLICY: There will not be any difference between people of various countries. It changes the power of developed countries which appears as stronger. This policy makes to think everyone in the world is same, so all people in the world will be treated as citizen of same country. It will reduce risk of doing business internationally. So anyone can work anywhere in the world without objection. Terrorism will also be control by united countries in the world. This policy will promote the world without poverty. It provides a strong foundation for the growing world economy. So that economic rate will be increase. There will be no enemity between countries in the world. So hazardous or dangerous weapons may become useless. Education qualification, number of industries will be increase in the united countries. Scientific technology will also increase.

DISADVANTAGES OF THIS POLICY: This policy has lot of advantages but it also has some disadvantages, they are given below Every united countries who are joining in this policy will lose their own privacy and freedom. They must obey the rules and regulations given by the organization. This organization rules the united and other countries by their puppet representatives. The rulers of this organization may loot the wealth of rich countries in the name of globalization and sharing. Punishments will be severe for those who do not follow the rules and regulations. Social and cultural problems may also arise because their rules may not suitable for many countries. If the organization goes under the control of one cruel ruler, no one can oppose him. many countries will face lot of problems

CONCLUSION: Unity is strength is a famous proverb but it is not good for all the time. This policy will not give solution to the problems but surely it will increase the problems to the people in the world. Those who join in this policy its like A man cutoff his head for just headache.