Making Globalization Occur: The Unknown Story Of Power, Profits, Benefit
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Because the 1970s, lots of global political economists have been seeing the United States as a declining hegemon. This staying power of the United States stems from the "dollar standard," under which the United States buck is the dominant international book money and global purchase medium worldwide economic climate. The dollar basic originated in the Cold Battle age when all major capitalist powers counted on the United States for army security.
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