US dollar dominance of world economy

Other Names:
Overvalued dollar
Weakness of dollar

The rise in the cost of the dollar with respect to other currencies - about 70% since 1980 - resulted in American farmers and businessmen being unable to compete in overseas markets; domestic American industries being wiped out because foreign good cost much less than domestic products; developing countries' debts rising every time the dollar goes up; and the USA trade deficit reaching $150 billion in 1985, thus making the USA a debtor nation for the first time since World War I.

Related Problems:
Speculation on money markets
Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic Growth
Problem Type:
D: Detailed problems
Date of last update
04.10.2020 – 22:48 CEST