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This also eliminates the need to worry about currency values, as with one currency being worth more than another. In contrast, some are firmly against the Euro, due to its power to decrease national identity and fears related to runaway recession, meaning that by adopting the Euro, such as in Great Britain, the "boom-bust cycle of 2008" might have been made worse (Elliott, Internet), not to mention increasing economic competition. Also, when comparing the Euro to other national paper currencies, the Euro is rather generic in appearance and does not equate with any type of nationalism. Overall, it would be difficult to envision the English pound (and the Canadian dollar) with the image of Queen Elizabeth II being replaced with redundant, generic images of Europe and without any indication of national origin or phrases of national identity in a country's native language.
SOURCES
Elliott, Larry. "Should Britain Join the Euro?" Guardian.co.uk. Internet.
http://www.guardian.co.uk/business/2009/oct/26/should-britain-join-euro.
"Introduction." European Central Bank. Internet. 2009. http://www.ecb.int/euro/intro / html/index.en.html.
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CH. 9: Russian Domain:
According to Fred Weir, the population of the Russian Domain, formerly the Soviet Union (USSR), "is facing a demographic crisis so dire that its population could shrink" by more than 50% by the year 2050. This situation is due to several factors. First, the birthrate in the Russian Domain has decreased "below levels that would sustain the population" while Russian death rates, especially among working-age males, "have skyrocketed due to post-Soviet poverty, substance abuse (particularly alcoholism), disease, stress" and other negative traits (2002,...
Demographically, the population of the Russian Domain has decreased substantially with just over 144 million today which considering Russia's immense geographical area is extremely small. Also, life expectancy "now stands at 59 years for men, while the average Russian woman lives 72 years." Thus, Russia is losing one million persons on a yearly basis which unfortunately only increases (Weir, 2002, Internet). In addition, the influx of immigrants from former Soviet states has slowed to a trickle, due to the on-going attitude of many Russians related to xenophobia (Weir, 2002, Internet). As to the Russian Domain's economy, this spiraling decline in population which the UN estimates could drop an additional 11 million people by 2025, will severely affects its labor forces by decreasing the number of workers available for industry and manufacturing, this affecting Russia's overall GDP ("Citing Drastic Population Loss," 2004, Internet). Also, the UN estimates that by 2050, the population of Russia will be less than that of Vietnam with the biggest loss related to young persons dying from disease, neglect, poverty and substance abuse ("Citing Drastic Population Loss," 2004, Internet). Thus, Russian society faces a severe dilemma, for in the future, it may only be made up of the elderly who have somehow managed to survive.
SOURCES
"Citing Drastic Population Loss, UN Report Urges Russia to Adapt." Boston Globe.
2009. Internet. http://www.boston.com/news/world/europe/articles/
2009/10/05/citing_drastic_population_loss_un_report_urges_russia_to_adapt.
Weir, Fred. "Russia's Population Decline Spells Trouble." Christian Science Monitor.
2002. http://www.csmonitor.com/2002/0418/p06s02-woeu.html.
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Weir, Fred. "Russia's Population Decline Spells Trouble." Christian Science Monitor.
2002. http://www.csmonitor.com/2002/0418/p06s02-woeu.html.
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