A New Source Of Global Conflict

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Issue:

Miscellaneous

 

Written by:

Shawn R

 

Date added:

June 1, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

10 / 2530

 

Was viewed:

4000 times

 

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Essay content:

This confers on the US a major economic advantage: the ability to run a trade deficit year after year. It can do this because foreign countries need dollars to repay their debts to the IMF, to conduct international trade and to build up their currency reserves. The US provides the world with these dollars by buying goods and services produced by foreign countries, but since it does not have a corresponding need for foreign currency, it sells far fewer goods and services in return, i...
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This confers on the US a major economic advantage: the ability to run a trade deficit year after year. It can do this because foreign countries need dollars to repay their debts to the IMF, to conduct international trade and to build up their currency reserves. The US provides the world with these dollars by buying goods and services produced by foreign countries, but since it does not have a corresponding need for foreign currency, it sells far fewer goods and services in return, i...
displayed next 300 characters

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