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The US would be better off without the global dollar

Financial Times LogoFinancial Times4d ago

The US would be better off without the global dollar - Financial Times

Quick Summary:

The dominance of the dollar in global trade and finance has long been assumed to be a net benefit for the American economy, but this assumption is increasingly being challenged.

In this case its manufacturing trade surplus must be absorbed by those of its partners who exert much less control over their trade and capital accounts.

Industrial policies aimed at restructuring more highly controlled domestic economies also in effect restructure the economies of their more open trade partners.

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Article Details

Author / Journalist: Michael Pettis

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 04:00:40 (4 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 894 words

Reading Time: 5 minutes read

Sentences: 13 lines

Sentence Length: 69 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27782823

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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The story "The US would be better off without the global dollar" has 894 words across 13 sentences, which will take approximately 4 - 8 minutes for the average person to read.

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The story "The US would be better off without the global dollar" was covered 4 days ago by Financial Times, a news publisher based in United States.

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27782823
  • URL: https://chronographically.beamstart.com/news/the-us-would-be-better-17443443621960

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