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There is a reason why USD is the world reserve currency. How much trade is done using your '#1 real economy currency'. Export-Oriented economies have a lot of
by sremani 5y ago
There is a reason why USD is the world reserve currency. How much trade is done using your '#1 real economy currency'.
Export-Oriented economies have a lot of problems and that will be evident as the Global growth is coming to stagnation this decade.
Power is power - that is why every country maintains a military, even the small ones. The recent history is 'stabler' than past because of Bretonwoods and various maritime security guarantees. That did not happen in vacuum and China is not the architect of the system.