Question

disadvantages of there should be a global central government.

Answer 1

Today all countries have an open economic system. The doors of every economy put open to enter in and to go out. In such a circumstances international trade is a backbone of every countries.There is no immediate disadvantage to a single global goverment, because the idea of a single global goverment implies that we have already overcome all the barriers of forming one.Infact, we can point out some important disadvantages of global central system.Import of harmful goods like opium or similar kind is a great limitation. International trade utilizes resources at a faster rate leads to axhausting resources.When price of some product increases producers liked to export more to earn super profit.This makes the danger of staevation and poverty.If there is no mutual co-operation among countries it leads to war. Problem of transportation whether sea or air is also an issue.There lies the risk of foreign exchange.So conversion of currency and different currency is another problem.Matching time and effort makes the trade sometimes more complicated.

Among these , there some advatages too like foreign earnings, better utilization of resources, economic growth, employment potential and increased standard of living.