4 ms·
Part of the problem may be the US dollar being the reserve currency. This increases the value of the dollar relative to other currencies, and makes our cost of
by thijson 2y ago
Part of the problem may be the US dollar being the reserve currency. This increases the value of the dollar relative to other currencies, and makes our cost of production higher. The dollar itself crowds out exports, similar how with Dutch disease fossil fuels crowd out other exports.
https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease
Economics is far from an exact science though, there's many other possible factors.