- Some people believe that we must have a truly global capital or financial market in order to maximize business ventures and profit. Identify and describe at least two factors you think are holding back the creation of a truly global capital market.
- How might a truly global capital market function differently from the current international business market? (Consider interest rates, currencies, regulations and financial crises experienced in some countries.)
- Having to use different currencies in international business prevents maximum growth and activity. What are the pros and cons (for both businesses and governments) or replacing national currencies with a regional or even a global currency?
- If we were to adopt a global or international monetary system, would such an international system use a floating or fixed exchange rate? Explain your answer.
- Would it be possible to base an international currency on gold? Why or why not?
- In your opinion, is there a need to regulate international financial centers to control money laundering and other illegal activities?
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