The Economic Ripple: Tourism, Currency, and Global Power

This chapter explores the potential economic consequences of declining foreign tourism and boycotts on the U.S. economy, citing statistical data and Goldman Sachs estimates. It examines the historical context of the U.S. dollar’s role as a reserve currency while addressing current fluctuations and their impact on various economic sectors. The discussion also navigates the challenges posed by rising alternative currencies from nations like China and Russia, weighing the risks of shifting away from the dollar amidst geopolitical tensions.