FREE Effects of Dollarization on the World Economy Essay (original) (raw)

Summary of the Potential Effects of Dollarization.
This paper is concerning to the clarification of dollarization performance in the economy worldwide. The paper focuses on dollarization of the monetary sector, and in particular on holdings asset by residents of foreign currency deposits. The paper acknowledges, however, dollarization of monetary assets popularly is part of a big process of financial market integration. Interestingly, dollarization in Cambodia will be specified properly and focuses on different situations due to political stability cases and unstable political situation cases economically. Furthermore, this paper will provide the clarification relates to dollarization in Cambodia such as; existing of dollarization, influences of dollarization, advantages of dollarization, disadvantages of dollarization, and emergence of dollarization clearly. A strong inward flow of dollars related to garments sector exports, aid, tourism receipts, and foreign direct investment has benefitted dollar in the urban economy rather than in rural economy. Based on international experiences in de-dollarization in Cambodia, economists have been carefully managed market based approach, and encouraged by a continued stable macroeconomic condition is essential for Cambodia's de-dollarization.
II. Introduction to Dollarization in the World Economy.
Economically, dollarization performances are analyzed and boosted the economy to be more critical and crucial for people in the world. However, people all over the world use their own domestic currency, but dollars are still existed in almost the world, which is known as dollarized world. Furthermore, the most common currency, which exists everywhere, in the world, is specifically the U.S dollar. Nevertheless, the U.S dollar is the most common currency, but it also has advantages and disadvantages in circulation around the world. Specifically, most of countries in the world now have been being dollarized day to day in term of potential exchanges in economy.

1. Cyber Attacks and the Global Economy

Cyber-attacks can potentially result in losses amounting to over billions of dollars. ... This could cause billions of dollars in losses. ... This could disrupt the global economies with the potential of putting the world into a chaos which in turn would have a huge impact on people, corporations, and governments. ... In spite of years of effort and spending over billions of dollars, the global economy is still not protected against cyber-attacks and is vulnerable to more sophisticated attacks. ... If a rich country is affected, the ripple effects would be felt globally by other countries who...

2. Economics- Dollar

What factors may explain a depreciation of the Australian Dollar? How may this depreciation influence the Australian economy? ... This leads to increased levels of capital outflow and can depreciate the Australian dollar. ... A depreciation of the A$ can also have a wide variety of effects on the Australian economy. ... There are also negative effects of a depreciation of the A$. ...

3. Vietnam Economy

Vietnam economy Evaluate the economic performance of one of the ASEAN transitional economies - Burma, Cambodia, Laos and Vietnam - from 1970 to the present and examine its problems and prospects for reform and transformation. 1. ... As a result their economies were underdeveloped and lagging behind their neighboring countries. ... It is to systematically transform from the existing centrally-planned economy to a market economy typically involving both the political and economic elements and this process by which changes occur is known as transition process. ... It lasted till 1979 when th...

4. Terror at Home

This is a problem with many causes and many effects. The questions are simply: how does terrorism affect our economy, by damaging it how does it affect us, and what are we doing to offset the effects of Marlett 2 terrorism and repair our infrastructure? Damaging our economy, of all other effects of terrorism, has the most far-reaching effect on the U.S. In a cost analysis the attack on the World Trade Center has cost us billions of dollars, thousands of hours of human labor, multi-million dollar buildings, priceless loved ones, and vital businesses (counsel of foreign relations). ... Thi...

5. Devaluation Of Pakistan's Currency

Effects of devaluation ii. ... Economy. What is economy? ... The strongest and the most powerful countries of the world are those that have the strongest economies. ... Hence, the to make a proper economic strategy is a very important for all countries of the world. ...

6. Canada's Changing Economy

In the first decade, after World War II, Canada was considered industrialized country and its firms and technology was recognized around the world, because a number of pro-active policy makers tried to change the trend of the Canadian economy from depending on exporting natural resources to exporting value-added products such as automotive, aerospace, and telecommunications equipment. ... According to some economists this shift in Canada's economy is called "Dutch Disease " which profoundly remade Canada's economy and its role in the world. ... The second part offers a set of soluti...

7. Effects Of A War With Iraq

This paper will discuss the effects of a war with Iraq on the American economy. An American attack on Iraq will most definitely affect the American economy. ... If oil supplies are disrupted, as they were during the 1991 gulf war, and prices rise sharply, the economic effects would be felt by the entire world. ... It is difficult to predict how much Americans would pay for a new war with Iraq, one fact seems indisputable: It will be many times more than the cost of the last war.In 2002 dollars, the cost of the Persian Gulf War is $79.9 billion, providing a very rough benchmark for what a confl...

8. How Shoplifting Effects the Economy

How Shoplifting Effects The Economy Shoplifting is a major problem in today's world. ... Shoplifting affects yourself, your local neighborhood and the world population. ... Shoplifting affects the economy in a big way. The stores get about three percent of every dollar purchased for an item. ... Because of these reasons the economy starts to go in a downward spiral causing big company's to go out of businesses which effects all consumers even more because they normally have big stock shares which devastates hundreds of thousands of people that had invested in that company. ...

9. Pipelines in an Oil-Driven Economy

"We must continue to grow the domestic energy supply to fuel the economy.... Republicans believe the pipeline may create new jobs and help stimulate the economy, while environmentalist's believe that the massive pipeline may cause harmful effects on the environment. ... Building the Keystone XL can be accomplished without spending tax payers money, but may result in billions of dollars in tax revenue for the states that the pipeline will run through. ... According to President Obama's State Department, the project may create forty two thousand jobs and bring in more than five ...

Got a writing question? Ask our professional writer!
Submit My Question