Publication Details
Issue: Vol 1, No 1 (2024)
ISSN: 2997-9331
Abstract
This article explores the concept of a singular economy, a hypothetical future where economies are unified across national borders. It outlines the potential stages of this transition, including increased globalization, policy harmonization, supranational institutions, a single currency, and a global market. The article also acknowledges the challenges associated with such a shift, such as loss of sovereignty, income inequality, and environmental impact.
Keywords
Singular economy
unified economy
global economy
Globalization
international trade
investment
migration
Economic policy harmonization
trade standards
financial regulation
Supranational economic institutions
common currency
Global market
free movement of goods
services
and labor
Loss of sovereignty
income inequality
environmental impact.