Is A Single World Currency A Good Idea?

The more one delves into the question of whether a single world currency is a good idea or not, the more murky and difficult the issue becomes. These barely brush the surface of the area but here are some basic pros and cons:

Pros:

1. Many regions are already heading in this direction (Europe, Asia, Latin America) opting for a regional currency to encourage commercial efficiency, economy of scale and utilize physical proximity while reducing trading barriers. read more