New reports are saying that the odds of having a world currency have become much greater in the recent months. It use to be that the U.S. dollar held a lot of value, but now some are comparing its worth to that of a Disney dollar. A question that should be asked is, what will the impact be if a world currency is developed? For starters, international business will be a lot easier for companies. Other countries seem to use the predictive maintenance and reliability engineering fields a lot more than the United States. With the implementation of a world currency, the United States will have a harder time competing with international manufacturing companies. It is important for U.S. companies to invest money into predictive maintenance and reliability programs to be able to compete with international companies. Right now, the reliability field and predictive maintenance field are not well know in the U.S., however they are very popular careers in foreign countries. Some economists believe that having a world currency has a promising market even if it is opposed by the U.S. Every country using the same currency levels the playing field, and will force countries to compete head to head on a variety of products.

To read more about the implementation of a world currency, read Kevin Hassett’s article on the Bloomberg website.