Science Fair Project Encyclopedia
Dollar hegemony
Dollar hegemony is the term that describes the special relationship that the US dollar has to the global economy. The US dollar today underpins the world economy; it is the currency in which international transactions are usually carried out. Most importantly the international trade in oil is done in dollars. The European Union's euro could be considered by some to be an attempt to end the dominance of the dollar, and to some extent it has.
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details