The Socialist Program with Brian Becker cover image

BRICS expansion shakes western-dominated world order

The Socialist Program with Brian Becker

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The Impact of De-Dollarization on Poor Countries in the Global South

This chapter explores how poor countries in the global south struggle with borrowing in dollars and repaying their loans due to fluctuations in exchange rates and rising interest rates. It highlights the shift away from the dollar towards other currencies and how this may impact the United States.

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