Is the constant vulnerability and pressure on the U.S. dollar a Dissertation

Is the constant vulnerability and storm on the U.S. vaulting horse a severe threat to American hegemony and unipolarity as a whole - Dissertation ExampleFor example, in 1995 it was estimated that approximately lambert nine pct (59%) of the arrive world(a) notes reserve was made up of US horse (Global currency reserve 2013). In 1998, the US dollar constituted approximately sixty nine percent (69%) of the amount of money global currency reserve, and in 1999 it constituted of approximately seventy one percent (71%) of the total global currency reserve. Global currency reserve (2013) further indicated that in the third quarter of 2012, the US dollar was estimated to constitute an approximate of 62 percent of the global currency reserve. The composition of the other competing currencies much(prenominal) as Euro, Japanese Yuan and Starling Pound are still insignificant when compared to that of the get together States dollar (Global currency reserve 2013). For example, the second most commonly used international currency, the Euro, was estimated to constitute 24 percent of the total global currency reserve in the third quarter of 2012 (Global currency reserve 2013). It has been argued by some economists such as Kirshnars (2012) that this constant fall of value and fluctuations of the United States of America dollar in global market has a serious threat to American hegemony and unipolarity as a whole. ... value of US dollar would deprive United States of America of enjoying the benefits of economic dominance such as ability to finance its deal related deficits. Other than Kirshnars, Clerk is another author who supported the opinion that United States of America provide lose its economic and governmental hegemony as whole due to the current pressures and threats. Goldberg (2010) is another economist who suppported the to a higher place mentioned argument. Goldberg (2010) explained that the current pressure would affect international trade and economy of the United States of America as a whole. Even though the Kirshnars, Goldberg and Clerk tried to relate the strength of US dollar with the economic and governmental dominance of United States of America, the authors failed to explain how the United States rose to this dominance and eventors that contributed towards this dominance. Also, the authors failed to explain why economic and political influences of some nations such as China are on the rapid rise regardless of the fact that their currencies remain insignificant in terms of global currency reserve. Due to the above mentioned weakness, my opinion as well as argument is contrary to those of Kirshnar, Clerk and Goldberg, and contrary to the argument that the constant vulnerability and pressure on the U.S. dollar may cause a serious threat to American hegemony and unipolarity as a whole. In this regard I am of the view that due to the strength and experience of the United States economy, it allow for not lose its hegemony as a whole but other contenders may grow such as China and emerging markets. This paper, therefore, aims at supporting the view that due to the strength and experience of the United States economy, it will not lose its hegemony as a whole but other contenders may arise such as