Click to Read "Have the BRIC Nations Lost Their Momentum?"
- Must show strong grasp of all the assigned reading material and apply it appropriately.
- Presents a good, logical, sufficient argument based on the content covered in the all assigned readings.
- At least one full page of content.
Do you think we are in danger of ignoring a slowdown in the BRIC nations when one or all of the BRIC countries come to a halt?
We are in grave danger of ignoring a slowdown in BRIC nations when one or all of the BRIC countries come to a halt. We do not consider the BRIC countries? economies seriously. We are more conserved about what happens to our economy but we do not realize that our economy is somehow connected to the economies of BRIC countries. The connection is not apparent at first. We are concerned about our GDP growth. The GDP can growth if its components ...
The answer to this problem explains how some countries have achieved high economic growth. The references related to the answer are also included.
The rise of the Euro and the fall of the USD; Could the Euro replace the US Dollar?
The U.S. Dollar has been a very popular currency to hold worldwide as it has had a reputation for being stable and is accepted in exchange for goods and services in most corners of the globe. However, on January 1st, 1999 the European Union introduced the Euro, which has been accepted as the main currency in a growing number of European countries including Germany, France, Italy, Spain, Greece etc.. As a further challenge to the dominance of the USD China has started pressing to replace the USD as the world's reserve currency with the International Monetary Fund's (IMF) Special Drawing Rights as well as the World Bank's suggestion that the dollar should once again be linked to gold. Lately the Chinese have started proting their own currency too.
Is the exchange rate (the dollar price of the Euro) determined by a fixed or a floating exchange rate system? Is the exchange rate of the Mexican peso in terms of Euro determined in a fixed or in a floating exchange rate system? What about the IMF's Special Drawing Rights: How is their value determined? What about the large amount of money being printed by the Federal Reserve and the huge deficits being created by the US administration? What about the deficit/debt problems of the "Club Med" countries and the effect these problems are having on the value of the euro?
Will the Euro and/or the IMF's Special Drawing Rights or a gold linked dollar or a select basket of currencies replace the US Dollar as the world's most popular currency to hold? Consider the implications being introduced by the debt problems in Europe on the exchange rates between the U.S. dollar, the euro and the other major world currencies.
A paper detailing why the US dollar might be replaced as the world's reserve currency by the Euro or the IMF's Special Drawing Rights.View Full Posting Details