Buy custom A New Source Of Global Conflict
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Miscellaneous
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| Number of pages / Number of words: |
10 / 2530 |
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In other words, the US would have to run a trade surplus, providing the rest of the world with more goods and services than it was receiving in return. A rapid and wholesale move to the euro might even lead to a dollar crash as everyone sought to get rid of some, or all, of their dollars at the same time...
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But that is an outcome that no-one, not even France or Germany, is seeking because of the huge effect it would have on the world economy. Europe would much prefer to see a gradual move to a euro-dollar world, or even a euro-dominated one.
It turns out that there is a small group of countries which is playing the arbiter in this global contest...
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China Trade Surplus
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