I've been considering a post on the 110 or 230 Volt issue for a while. While browsing the Internet I came across a great summary by Borat over at engineering.com. He summarises the issue as:
A bit more Googling found this Wikipedia image. The image graphically shows a comparison of various voltages between different countries.

Source: Wikipedia
http://en.wikipedia.org/wiki/File:WorldMap_Voltage%26Frequency.png
There must be be massive advantages to standardisation on a single world wide voltage. Equipment would only need to be designed, built and tested for one voltage. Supply systems would only need to be designed, installed and testing for a single voltage. Standardisation would be simplified by only having to deal with on voltage.
With the world becoming more interconnected with a rapid increase in transfers of skills and materials across countries is it not time to reconsider the adoption of a single world voltage.
National pride and arguments on installed systems etc. are the biggest obstacle to agreeing on a standard single worldwide voltage. Sooner or later surely these need to be overcome.
In looking at a standard level for a world voltage, I think there is an argument for considering the IEC accepted level of 230 V. It appears to me that this voltage level has a significant number of advantages over 110 V:
Assuming a universal adoption of 230 V, I also think the UK type square 3-pin plug would be a good choice for a common socket. Currently this is only used on 230 V systems, has integrated earthing facilities, is a proven safe design and would be easily recognised. Other socket outlets don't have all these features. In addition, given the visual similarity between many other outlets (even if they are different) could make their use more confusing in the long run.
Given that we still do not have universal adoption of the SI system, my guess for a universal domestic voltage is that this is probably unlikely in the near future. This is unfortunate as the long term benefits would significantly outweigh any short/medium term disruptions in implementing a common system.