Paper Title
Shifts In Global Currency Dynamics: BRICS, Less Reliance On The Dollar, And The Rise Of Superpowers.
Article Identifiers
Authors
Vinayak Kedia
Keywords
New World Order, Geopolitics, Brics , Western Powers, Dollar-centric ,International Financial System, De-dollarisation, Currency Dynamics, Economic Dominance, Diplomatic Power.
Abstract
The dynamics of currencies have become a crucial aspect in defining the New World Order's boundaries in the dynamic world of geopolitics and global finance. The emergence of the BRICS countries as strong competitors to the conventional dominance of Western powers is at the core of this revolutionary change, especially in light of the dollar-centric international financial system dominated by the United States. This ongoing de-dollarisation process, and the rise of new superpowers in the international arena, delving into the many facets of Currency Dynamics in the New World Order. The US dollar became the principal reserve currency of the globe in the second part of the 20th century, therefore consolidating American economic and geopolitical dominance. But the 21st century h as brought about a paradigm change, with the BRICS countries establishing themselves as important participants questioning the status quo in the economy. A conversation on the need for a more diverse and just global financial system has emerged as a result of the BRICS countries' combined increase in economic power and diplomatic power.
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How To Cite (APA)
Vinayak Kedia (March-2024). Shifts In Global Currency Dynamics: BRICS, Less Reliance On The Dollar, And The Rise Of Superpowers.. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(3), f697-f700. https://ijnrd.org/papers/IJNRD2403580.pdf
Issue
Volume 9 Issue 3, March-2024
Pages : f697-f700
Other Publication Details
Paper Reg. ID: IJNRD_216772
Published Paper Id: IJNRD2403580
Downloads: 000121983
Research Area: Social Science and HumanitiesÂ
Country: Tinsukia, ASSAM , India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2403580.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2403580
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