Robin Brooks on the Dollar, Fiscal Dominance, and Geoeconomics
Macro Musings with David Beckworth
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Globalization and Trade Dynamics: A Complex Interplay
This chapter examines the intricate relationships between globalization, trade dynamics, and recent economic events, such as the trade war and currency devaluations. It highlights the vulnerabilities of the U.S. financial system in light of Chinese export strategies and the implications of sanctions on countries like Russia. The discussion also reflects on the geopolitical tensions in oil trade, particularly India's actions in relation to Russian oil amid sanctions.
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