Expanding the Global Market
The WorQour bridging currency offers a way to expand the global market.
The WEAPD/WorQour currency and payment system increases the spending power of the developing nations.
To illustrate how this is possible;
A manufacturer produces a product priced in his national currency. Then by dividing his product price by his national mHR he arrives at the international WorQour price.
The WorQour exchange rates promote the concept that the lowest paid worker within every national economy has to work for the same length of time to obtain a product priced in the international WorQour currency.
(NB: Workers paid at rates above the mHR will not have to work for so many hours to buy the product.)
Transport costs and taxes will play a role but once a product is priced in WorQours it doesn’t matter where in the world his goods are sold the manufacturer will always receive the same return for his produce.
The WorQour bridging currency increases the purchasing power of underdeveloped nations without altering the profit margins of the established developed economies.
The introduction of the WEAPD/WorQour with its mHR conversion rate means local currency can be exchanged directly into WorQours, as required.
Any shortage of overseas funds, or poor fiat currency exchange rates, are no longer contributing factors that restrict or prevent trade.
The pricing of products in WorQours opens the way for developing nations to become, firstly, more actively engaged as global customers and then eventually manufacturers contributing to the global economy.
Pricing products in WorQours has the potential to dramatically increase cross-border trade around the world. It will also dramatically increase third world access to things like agricultural equipment and modern technology.
The health and living standards of the developing countries will quickly catch up with the rest because the WorQour bridging currency makes overseas goods, priced in units of time, readily available and realistically priced.
The WorQour expands the global market by opening the doors to third world markets that have been largely excluded from global trade by a lack of overseas funds and/or poor currency exchange rates.