More free-style pieces about global issues, our society, and developments of Oxford Global Society.

Argentine dollarisation

Is Dollar Hegemony collapsing? South America as the bellwether

Sonia Ruseler, an Argentine and former CNN world news anchor, observes whether dollar hegemony is waning in South America, where China has become the main trading partner. She argues that while China is a respected trade partner in the region, the US dollar is still the dominant currency and remains so in the foreseeable future.