Download or read book Currency Wars written by James Rickards and published by Penguin. This book was released on 2012-08-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict. As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself. Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas. While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.

Download or read book Dollar Hegemony written by Thomas Palley and published by Edward Elgar Publishing. This book was released on 2024-01-18 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dollar hegemony is a defining structural feature of the modern international financial order, and it confers significant economic and political privileges on the US. This book explores the political economic foundations of and prospects for dollar hegemony.

Download or read book Unilateral Sanctions in International Law and the Enforcement of Human Rights written by Iryna Bogdanova and published by BRILL. This book was released on 2022-07-11 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Open Access publication of this book has been published with the support of the Swiss National Science Foundation. Are unilateral economic sanctions legal under public international law? How do they relate to the existing international legal principles and norms? Can unilateral economic sanctions imposed to redress grave human rights violations be subjected to the same legal contestations as other unilateral sanctions? What potential contribution can the recently formulated doctrine of Common Concern of Humankind make by introducing substantive and procedural prerequisites to legitimise unilateral human rights sanctions? Unilateral Sanctions in International Law and the Enforcement of Human Rights by Iryna Bogdanova addresses these complex questions while taking account of the burgeoning state practice of employing unilateral economic sanctions.

Download or read book The Dollar Trap written by Eswar S. Prasad and published by Princeton University Press. This book was released on 2015-08-25 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.

Download or read book The Third Pan African Revolution written by Bidiga Abdoul-Bassiti and published by Abdoul-Bassiti BIDIGA. This book was released on with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: A tri-civilizational war is ongoing, to which Africa has attempted to respond over three distinct periods, each marked by divergent realities. The current third revolution is set against an African context that has long served as a laboratory for new economic structures, unions, and tools of economic and psychological warfare, among others. Through this diversity of experiments and models imposed by the leaders of the old world order, African potential continues to be hindered, preventing local populations from fully benefiting. There is even a risk to the survival of the Black African civilization. Hence, there is an urgent need to rethink the only effective response that has been implemented since 3200 BC: Pan-Africanism, particularly considering the geo-economic imperatives that underpin this war of civilizations.

Download or read book The Digital Renminbi s Disruption written by Chi Lo and published by Emerald Group Publishing. This book was released on 2022-09-28 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exposing hidden trends and systemic flaws and debunking myths, The Digital Renminbi’s Disruption contributes to revealing China’s digital disruption and leads to a better understanding of upcoming potential volatility in the wake of the unfolding digital revolution.

Download or read book China Iran Axis written by Joseph Aminian and published by Joseph Aminian. This book was released on 2020-10-08 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a deep insight into the currency war currently underway between the People’s Republic of China and the United States of America. The author employs a balance of factual knowledge and the rational debates that provoke the readers’ thoughts on the topic. The book studies the approach adopted by China to achieve its target of devaluing the U.S. dollar and rendering the Chinese Yuan to be the new global currency. The Chinese government’s methods and practices are explored step by step in the book with claims and statistics being backed by authentic references and citations. The book also provides the author’s stance and analysis on the currency war and justifies it by providing proper reasoning and rational arguments with it. What is unique about this book is that it transcends the domain of just being a book filled with facts, referenced from different sources and provides an interesting touch of expert opinion on the prevalent matter. This book is written for a diverse range of readers, especially the academics with interests in international relations, politics, economy and finance. It provides a comprehensible introduction to the topic so that the reader hardly feels lost in the technical intricacies. More importantly, it gives one the perfect balance of academic insight and analytical opinion.

Download or read book American Power after the Financial Crisis written by Jonathan Kirshner and published by Cornell University Press. This book was released on 2014-09-08 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2007–2008 was both an economic catastrophe and a watershed event in world politics. In American Power after the Financial Crisis, Jonathan Kirshner explains how the crisis altered the international balance of power, affecting the patterns and pulse of world politics. The crisis, Kirshner argues, brought about an end to what he identifies as the "second postwar American order" because it undermined the legitimacy of the economic ideas that underpinned that order—especially those that encouraged and even insisted upon uninhibited financial deregulation. The crisis also accelerated two existing trends: the relative erosion of the power and political influence of the United States and the increased political influence of other states, most notably, but not exclusively, China.Looking ahead, Kirshner anticipates a "New Heterogeneity" in thinking about how best to manage domestic and international money and finance. These divergences—such as varying assessments of and reactions to newly visible vulnerabilities in the American economy and changing attitudes about the long-term appeal of the dollar—will offer a bold challenge to the United States and its essentially unchanged disposition toward financial policy and regulation. This New Heterogeneity will contribute to greater discord among nations about how best to manage the global economy. A provocative look at how the 2007–2008 economic collapse diminished U.S. dominance in world politics, American Power after the Financial Crisis suggests that the most significant and lasting impact of the crisis and the Great Recession will be the inability of the United States to enforce its political and economic priorities on an increasingly recalcitrant world.

Download or read book International Development Assistance and the BRICS written by Jose A. Puppim de Oliveira and published by Springer Nature. This book was released on 2019-10-05 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to bring together a series of analyses on international development assistance in the BRICS, the group of countries that includes Brazil, Russia, India, China and South Africa. The BRICS states comprise approximately 3 billion people (~40% of the World’s population) and in terms of GDP account for 16.8 trillion dollars (~22% of the World’s economy). Over the last decade the loose coalition has evolved to become a formal partnership on both economic and political fronts. The first formal meeting of the then-four BRIC countries took place in 2006 during the United Nations General Assembly. This was followed in 2009 by the first summit of BRICS' heads of state, an event which has been convened annually ever since. On 3-5 September 2017, the ninth BRICS Summit was hosted in Xiamen, China. This book, an anthology of scholars based in BRICS countries, provides invaluable insights into the emerging global south coalition, and will be of interest to scholars, employees of NGOs, and China watchers.

Download or read book Digital Economy Sustainability and International Economic Law written by Lei Zhang and published by Bentham Science Publishers. This book was released on 2023-04-17 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reviews issues that address the interconnection between digital economy, sustainability and international economic law. It covers a range of topics, including renewables subsidies, AI and corporate governance, digital currency, dispute resolution and new developments in trade law. The selection of chapters intends to illustrate how the digital economic, sustainable development goals and arrangements could influence and potentially shape international economic law, and how they are intertwined in an increasingly connected world. However, as the concepts of digital economy and sustainable development integrate unevenly into different fields of law, the selection focuses on some of the most visible influences in corporate and international trade law in Asia. The chapters in this volume are written by eminent authorities who are devoted to the emerging multidisciplinary fields of international economic law. Contributions include structured sections with a concluding summary and reference list for the benefit of a broad range of readers. This is a timely reference for legal scholars, practitioners and law students seeking updated and critical information from the perspective of an increasingly digital, and sustainability-focused global trade economy.

Download or read book Permacrisis written by Gordon Brown and published by Simon and Schuster. This book was released on 2023-09-28 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Offers hope and good sense in equal measure' Ian Bremmer 'A sensible plan for reform that can help us create a fairer and more equitable world' Sheryl Sandberg Problems are mounting. We face sputtering growth, an escalating climate emergency, worsening inequality, poor policy responses, increasing nationalism and a decline in global co-operation. But a permacrisis need not be permanent. In this book, three of the most internationally respected and experienced thinkers of our time, Gordon Brown, Mohamed A. El-Erian and Michael Spence, writing with Reid Lidow, explain where we’ve gone wrong and set out what could be done to bring about a brighter future for generations to come. They look beyond today’s headlines and political rhetoric to offer a bold, big-picture vision and nuanced, achievable solutions for fixing our broken approaches to growth, economic management, and governance. The world is changing. What that change looks like is up to us.

Download or read book The Decline of the West written by Oswald Spengler and published by Oxford University Press, USA. This book was released on 1991 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spengler's work describes how we have entered into a centuries-long "world-historical" phase comparable to late antiquity, and his controversial ideas spark debate over the meaning of historiography.

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Download or read book China s Economic Rise and Its Global Impact written by Ken Moak and published by Springer. This book was released on 2016-04-08 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through a thorough analysis of China's recent history and economic development process, the authors of this book seek to explain the causes of China's economic rise and its impact on the rest of the world.

Download or read book The Exorbitant Burden written by Taranza T. Ganziro and published by Emerald Group Publishing. This book was released on 2016-01-06 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This economic and political science work is a rigorous analysis that demonstrates that although it is a privilege and a benefit for the US to have its currency, the dollar, as the leading world reserve currency, the privilege also proves to be a very significant economic and security burden imposed on the nation.

Download or read book Sanctions as War written by and published by BRILL. This book was released on 2021-12-20 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sanctions as War is the first critical analysis of economic sanctions from a global perspective. Featuring case studies from 11 sanctioned countries and theoretical essays, it will be of immediate interest to those interested in understanding how sanctions became the common sense of American foreign policy.

Download or read book Regional Monetary Integration written by Peter B. Kenen and published by Cambridge University Press. This book was released on 2007-11-26 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world - North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. The book emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union, and the corresponding need for multinational institutions to safeguard its independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the US dollar.