The US Dollar and the BRICS Challenge (eBook)

Towards a new global financial order
eBook Download: EPUB
2024 | 1. Auflage
244 Seiten
tredition (Verlag)
978-3-384-30385-1 (ISBN)

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The US Dollar and the BRICS Challenge -  Hermann Selchow
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Discover the future of global finance! The US Dollar and the BRICS Challenge takes you into the world of unprecedented global economic change and geopolitical tensions. This book offers an in-depth analysis of the emerging forces that are reshaping the world's financial system. The US Dollar and the BRICS Challenge examines the dynamics between the traditional financial powers and the emerging BRICS countries (Brazil, Russia, India, China and South Africa) and shows how these countries are challenging the US dollar as the dominant world currency. What to expect: Historical context: Understand the historical roots and development of the US dollar into the global reserve currency. BRICS strategies: Learn how the BRICS countries are combining their economic power and developing alternative financial instruments and institutions. Future scenarios: Analyze the possible developments and consequences of a multipolar financial order. This book is an indispensable work for economists, finance experts, students of international relations and anyone interested in the future of the global economy. It provides sound insights and forecasts based on current data and extensive research. Why you should read this book: Current and relevant: Stay informed about the latest trends and developments in global financial policy. Fundamentally sound: Benefit from in-depth analyses and clear explanations of complex relationships. Forward-looking: Prepare for the financial challenges and opportunities of the coming decades. Reach out to 'The US Dollar and the BRICS Challenge' and be one step ahead in the changing world of international finance. Become part of the dialogue about the future of our global economy! Hermann Selchow

Ich wurde sozialisiert (wie man heutzutage sagt) in einem Land vor dieser Zeit. Ich war in der evangelischen Jugend, verweigerte den Reservedienst, verlor meinen Job, machte Gelegenheitsjobs für die evangelische Kirche, wurde unregelmäßig von zwei Herren im Trenchcoat besucht. Die üblichen Spielereien der Macht. Also nichts was nicht Hunderte / Tausende andere genauso oder schlimmer erlebt hätten. Ich war nicht der Typ, der mit gesenktem Kopf und erhobener Faust durch die Gegend lief. Ich nahm die 'Bonzen' einfach nur beim Wort. Das genügte um sie vorzuführen und sich bei ihnen unbeliebt zu machen. Dann 1989 wurde es überraschend 'ernst'. Aus unseren Cafèhaus-Parolen wurden Montagsdemos. Die Vorgänge überschlugen sich. Um ehrlich zu sein, hatte ich - wie die meisten - keinen Plan für diesen Fall zur Hand. Jeder musste für sich zusehen, wie er zurechtkam. Das geschah in sehr unterschiedlichem Tempo, wie die explodierende Scheidungsrate jener Zeit beweist. Konsum, bunte Bilder, Neonreklame, Kredite, Ratenzahlungen, Vertreter und Verkäufer jeder Coleur und Moral versprachen Utopia, Parteienvertreter aller Richtungen erklärten sich zu Heilsbringern und warnten vor den jeweiligen Kontrahenten. Die erste Belegschaftsversammlung nach der Wende: Arbeitsplatzeinsparungen, Etatkürzungen u.a. - die Begriffe so neu, wie die Angelegenheiten selbst. Die Stimmung war ziemlich gereizt. Dann ein Ruf in irgendeinem westlichen Dialekt: 'Ich verbiete mir diese Diskussion, wir leben in einer Demokratie.' Aha, es bleibt alles neu!

Ich wurde sozialisiert (wie man heutzutage sagt) in einem Land vor dieser Zeit. Ich war in der evangelischen Jugend, verweigerte den Reservedienst, verlor meinen Job, machte Gelegenheitsjobs für die evangelische Kirche, wurde unregelmäßig von zwei Herren im Trenchcoat besucht. Die üblichen Spielereien der Macht. Also nichts was nicht Hunderte / Tausende andere genauso oder schlimmer erlebt hätten. Ich war nicht der Typ, der mit gesenktem Kopf und erhobener Faust durch die Gegend lief. Ich nahm die "Bonzen" einfach nur beim Wort. Das genügte um sie vorzuführen und sich bei ihnen unbeliebt zu machen. Dann 1989 wurde es überraschend "ernst". Aus unseren Cafèhaus-Parolen wurden Montagsdemos. Die Vorgänge überschlugen sich. Um ehrlich zu sein, hatte ich – wie die meisten – keinen Plan für diesen Fall zur Hand. Jeder musste für sich zusehen, wie er zurechtkam. Das geschah in sehr unterschiedlichem Tempo, wie die explodierende Scheidungsrate jener Zeit beweist. Konsum, bunte Bilder, Neonreklame, Kredite, Ratenzahlungen, Vertreter und Verkäufer jeder Coleur und Moral versprachen Utopia, Parteienvertreter aller Richtungen erklärten sich zu Heilsbringern und warnten vor den jeweiligen Kontrahenten. Die erste Belegschaftsversammlung nach der Wende: Arbeitsplatzeinsparungen, Etatkürzungen u.a. – die Begriffe so neu, wie die Angelegenheiten selbst. Die Stimmung war ziemlich gereizt. Dann ein Ruf in irgendeinem westlichen Dialekt: "Ich verbiete mir diese Diskussion, wir leben in einer Demokratie." Aha, es bleibt alles neu!

The shifts in power relations caused by the BRICS Countries


Over the past few decades, global power relations have changed dramatically. These shifts have been largely driven by the economic and political rise of the BRICS countries: Brazil, Russia, India, China, and South Africa. These nations have not only increased their economic power, but have also significantly expanded their political and cultural influence on a global scale. This chapter examines the various facets of these power shifts and analyzes the long-term implications for the global order.

The BRICS group emerged as a concept in the early 2000s and was popularized by British economist Jim O'Neill. Originally known as BRIC before South Africa joined in 2010, this group of emerging economies symbolized the potential for strong economic growth outside the traditional Western powers. The emergence of the BRICS countries marks the beginning of a new era in which economic dominance is no longer held exclusively by the G7 nations.

The economic strength of the BRICS countries has increased significantly over the past two decades. China and India are experiencing impressive growth rates and are now among the largest economies in the world. Russia's vast reserves of natural resources, Brazil's agricultural capabilities and South Africa's role as a gateway to Africa complement this economic potential.

China has established itself as the world's second largest economy and aims to overtake the US in the foreseeable future. The Belt and Road Initiative (BRI) is a clear sign of China's ambition to expand its economic and geopolitical reach. By building infrastructure in Asia, Africa and Europe, China is promoting international trade and cementing its position as a global economic leader.

India, with its young population and dynamic IT industry, is another important player within the BRICS. The Indian economy has grown significantly through reforms and increasing integration into the global economy. Initiatives such as Make in India and the Digital India campaign demonstrate India's ambition to become a central player on the global stage.

Brazil and South Africa also play essential roles within the BRICS group. Brazil is a leading exporter of agricultural products and has rich natural resources. South Africa, on the other hand, acts as the economic center of Africa and has significant natural resources that are important to the global economy.

Russia uses its vast energy resources to exert economic and political influence. As one of the world's largest producers of oil and gas, Russia has a strategic position, especially in energy relations with Europe and Asia.

The BRICS countries have refined their political strategies to better represent their interests on the global stage. Joint diplomatic initiatives and the building of alternative institutions to Western-dominated organizations show that these countries want to use their collective power.

The regular BRICS summits provide a platform for coordination and cooperation on political, economic and social issues. These meetings promote dialogue and unity among member states and help develop a common vision for the future.

With the establishment of the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA), the BRICS countries have begun to create alternative financial structures to traditional Western institutions such as the International Monetary Fund (IMF) and the World Bank. These new institutions aim to promote economic development and ensure financial stability in member countries.

In addition to their economic and political power, the BRICS countries also have significant cultural and social influences. Through the export of culture and technology and exchanges in education and science, these countries contribute to globalization and shape the cultural landscapes worldwide.

Initiatives such as the China-Africa Cooperation Forum and the India-Africa Forum Summit promote cultural exchanges and cooperation in education and research. These programs help foster mutual understanding and respect between nations and build long-term relationships.

The BRICS countries invest heavily in research and development and promote innovation in areas such as information technology, biotechnology and renewable energy. Indian IT companies, Chinese tech giants and Russian space programs are examples of the leading roles these countries play in the global innovation landscape.

The increasing power of the BRICS countries has far-reaching implications for the global order. These nations are challenging the dominance of traditional Western powers and are working to create a multipolar world in which multiple centers of power exist.

The BRICS countries aspire to a multipolar world order in which power and influence are more evenly distributed. This vision contrasts with the unipolar dominance of the United States after the Cold War and the bipolar world during the Cold War. A multipolar world order could lead to more balanced and fair global governance.

The growing strength of the BRICS countries brings both challenges and opportunities. On the one hand, the shift in the balance of power could lead to tensions and conflicts as existing powers seek to defend their dominance. On the other hand, it offers new opportunities for cooperation and solving global problems through a diversified power structure.

In addition to their economic interests, the BRICS countries also pursue a number of political goals aimed at strengthening their global position and protecting their sovereignty and interests. These policy goals include both domestic and foreign policy dimensions and are closely linked to the group's economic aspirations.

A key policy goal of the BRICS countries is to strengthen their national sovereignty and independence from Western influences and institutions. These states strive to establish a multipolar world order in which they are not dependent on the dominant Western powers. This is evident, for example, in their criticism of the existing international financial institutions such as the International Monetary Fund (IMF) and the World Bank, which are seen as instruments of Western dominance.

The BRICS countries actively promote a multipolar world order based on the principle of equality and mutual respect. They argue that such an order is necessary to ensure a fairer distribution of power and resources. This goal is evident in their support for the reform of the United Nations, particularly the UN Security Council, to promote more representative and democratic global governance.

Another policy goal of the BRICS group is to promote regional stability and security. This is achieved through diplomatic initiatives and support for peace processes in various regions. For example, the BRICS countries are involved in Africa through various development and peace initiatives aimed at resolving conflicts and promoting economic development. In Asia, too, they play an important role in stabilizing and developing conflict areas.

Combating terrorism and extremism is a common concern among the BRICS countries. These countries are often targets of terrorist activities and see security cooperation as necessary to combat these threats. Through joint security agreements and the sharing of information and technology, they work to improve their capabilities to combat terrorism and extremism.

Although the BRICS countries have different political systems and views on human rights and democracy, they emphasize the importance of these principles in their international relations. They argue that the promotion of human rights and democracy should not be achieved through external pressure, but through dialogue and mutual respect. This stance often contrasts with Western approaches that favor sanctions and intervention.

The BRICS countries seek to expand their diplomatic networks and alliances to strengthen their global position. By developing bilateral and multilateral relations with other emerging economic powers and developing countries, they seek to create a counterweight to Western dominance. These diplomatic efforts also include support for regional organizations such as the African Union (AU), the Commonwealth of Independent States (CIS), and the South Asian Association for Regional Cooperation (SAARC).

Sustainable development is another key policy objective of the BRICS countries. They emphasize the need to balance economic growth with social and environmental goals. This is evident in their support for international agreements such as the Paris Climate Agreement and their own national initiatives to promote renewable energy, reduce poverty, and improve education and healthcare.

In addition to their economic interests, the BRICS countries also pursue a number of policy objectives aimed at strengthening their global position and promoting a multipolar world order. These policy objectives are diverse and range from strengthening national sovereignty and independence to promoting regional stability and security to combating terrorism and extremism. By expanding diplomatic networks and promoting sustainable development, the BRICS countries are working to create a fairer and more balanced global order in which their voices and interests are adequately represented.

The United States, as the traditionally dominant global power, has closely monitored the development and strengthening of the BRICS countries. The US has responded to these new geopolitical realities in different ways, which is evident at various levels from diplomatic efforts to economic measures to military strategies.

The US has increased its diplomatic efforts to consolidate its traditional alliances and forge new partnerships. This is evident in...

Erscheint lt. Verlag 27.7.2024
Verlagsort Ahrensburg
Sprache englisch
Themenwelt Sozialwissenschaften Politik / Verwaltung Politische Systeme
Schlagworte Afrexim Bank • Bank • Banking Systems • Banks • Bretton Woods • BRICs • BRICS countries • BRICS expansion • BRICS states • China • Economic diversification • Energy Policy • Gaddafi • Geopolitics • global markets • Impact • Integration • International Relations • Investment • MERCOSUR • oil production • Petrodollar • Systems • US Dollar
ISBN-10 3-384-30385-7 / 3384303857
ISBN-13 978-3-384-30385-1 / 9783384303851
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