With the scale of globalization today, it would be of unquestionable benefit to have a single world currency. To what extend do you agree or disagree.

Recent advancements in science and technology, particularly in information technology have made the
world
a global village. It is the need of the hour to have a common
currency
,
Remove the comma
apply
show examples
so that worldwide trade does not face any difficulty. I believe that a single
world
currency
is of utmost importance in the modern
world
.
To begin
with, there are a few drawbacks to
have
Wrong verb form
having
show examples
a uniform
currency
on the globe. In
current
Correct article usage
the current
show examples
economic system, the economic condition of a country is indicated by
value
Add an article
the value
show examples
of its
currency
such
Correct quantifier usage
apply
show examples
as Indian economy is better than Pakistani as one Indian rupee is equal to almost two Pakistani rupees. So with implementation single
currency
worldwide would diminish
this
demarkation.
Moreover
, the
currency
of each country is the identity of that nation, if a single exchange system is introduced
then
identification
Correct article usage
the identification
show examples
of those countries
lost
Add a missing verb
is lost
show examples
.
On the other hand
, there are enormous positives of opting
a
Change preposition
for a
show examples
uniform
currency
. First and foremost, a uniform banking system can work efficiently throughout the
world
, for ,example financial institutes do not need to convert currencies for international transactions.
Secondly
, it would minimize the discrimination between the economies of poor and rich countries
that
Correct pronoun usage
which
show examples
could significantly decrease economic and political differences among nations.
For instance
, China and the USA have been
confornting
Correct your spelling
confronting
comforting
each other in a trade war in order to achieve the supremacy of their currencies for the
last
few decades. In conclusion, I think that even though a single
world
currency
can affect national identities, the convenience in global trade and reduction in the economic gap amongst countries are more beneficial.
Submitted by drmehmoodahmed33 on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Task Achievement
Your essay demonstrates a clear understanding of the topic and presents relevant arguments both for and against a single world currency. However, to improve your score, provide a stronger stance and more specific examples to support your points.
Coherence and Cohesion
Your essay has a logical structure with a clear introduction, body, and conclusion. Your ideas are well-developed and your arguments are supported. However, pay attention to using linking words to improve coherence.
Topic Vocabulary:
  • globalization
  • monetary policy
  • economic integration
  • exchange rate
  • fiscal coordination
  • transaction costs
  • financial crises
  • sovereignty
  • propagation
  • international trade
What to do next:
Look at other essays: