There is an emerging need for energy-importing economies like India and China to try to delink international trade from the dollar. But it is not an easy job. The dollar is at one end of nearly 90% of all foreign exchange trades. The greenback constitutes around 60% of forex reserves held by central banks globally. Foreign governments and private investors hold over 30% of US treasuries.
Patrick Bond discusses modern-day multilateral networks of imperial power, the role BRICS countries play within this framework, and the need to incorporate the concept of "unequal ecological exchange" to our analyse of imperialism.
Kanpur : The Department of Economic Sciences at the Indian Institute of Technology Kanpur (IITK) hosted Arthashashtra-2023, its annual conference on economics, business, and finance. The event brought together eminent speakers from the industry to di
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