جستجوی مقالات مرتبط با کلیدواژه "dollar hegemony" در نشریات گروه "علوم سیاسی"

The international role of the dollar in the global economy remains dominant. Nonetheless, there is a belief that various factors, including geopolitical changes, technological advancements, and China's increasing role as an emerging power, may challenge the hegemony of the American dollar as a dominant force. China has implemented a range of significant and diverse policies in pursuit of de-dollarization to weaken one of the key pillars of American power. In this research, we employ an analytical-explanatory method and draw upon written and online sources, as well as data from financial and banking institutions, to address the fundamental question: What actions has China taken in pursuit of de-dollarization, and to what extent have they been effective? The hypothesis proposed suggests that considering the dollar's control over the financial structure and the international payment system, as well as the world's countries dependence, including China's, on the existing financial and monetary structure, dollar hegemony has persisted despite China's confrontational policies and has not encountered significant challenges thus far. The research findings suggest that while China's de-dollarization policy is acknowledged as a potential threat to dollar hegemony, it has not succeeded in challenging the dominance of the American currency, and it appears that the dollar-based system will continue predictably into the future.

After World War II, the United States succeeded in establishing its currency, the Dollar, as the international reference currency, gaining the position of the world's leading economic and military power while leading the capitalist world. The US Dollar, according to existing metrics, still maintains its hegemonic position in the international monetary and financial system. In the new century, events such as the Euro currency supply, the 2008 financial crisis, and China's persistent efforts to internationalize its currency have gone to seriously challenge the hegemonic position of the Dollar. In this regard, the main concern of the article is to look for the factors that perpetuate the hegemony of the Dollar in the international financial and monetary system. The hypothesis tested in this regard is that the continued hegemony of the US dollar relies on the structural strength of the US in both economic and political areas and based on factors such as the depth of the capital market, ease of access to the dollar, security commitments and trust. The paper shows that the lack of these factors in relation to the Euro and the Yuan has prevented them from becoming hegemonic currencies. The findings of this study are very important for our country, which is severely facing the difficulties caused by financial sanctions due to the hegemonic position of the Dollar in the international economy today.

Today، economic power is an important and effective parameter of countries’ national power. Two important aspects of economic power can be reappraised; namely، direct (overt) power and indirect (covert) power. In terms of direct power، America enjoys unique capabilities، and capacities including a natural geographical condition، advanced and various industries، abundant energy resources، and an open economical environment. At the same time، America’s economic performance in recent periods has uncovered major weaknesses like heavy national debts، massive trade balance deficit، which will result in US dollar depreciation. Although this country enjoys important opportunities like the excelling military power، world trade centers، the US dollar hegemony in international reserves، it faces threats like Asian and European strong rivals، and the danger of the collapse of Dollar، and its hegemony، and of losing the centrality of world economy. Finally، this article presents a summarization of the strategic reappraisal of America’s economic power.