A trend in the global economy towards dedollarization is prompting debates about financial decoupling as a pathway for growing multipolarity. Dedollarization is leading to new avenues for challenging US global hegemony post-1945 by reducing reliance on US financial investment and allowing for trading in national currencies. While many poorer nations have been unable to challenge US dollar hegemony, globalization has made room for the rise of the Renminbi as a regional and international trading currency. While China is unlikely engage in typical US tactics for becoming the world’s “safe haven” currency, the rise of alternative currencies for trading and in…

The Bogan Communist

A communist, and anti imperialist

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