Almighty Dollar

Viac o knihe

Have you ever wondered why we can buy more clothes than our grandparents, yet struggle to own homes? Or why petrol prices soar but rarely drop? The answer lies in economics, which can be complex and elusive. By tracing a dollar's journey around the globe, we can begin to understand these forces. The dollar is essential to globalization, with half of the notes in circulation outside the USA, many owned by China. What happens to our cash as it moves worldwide, and how does it impact our lives? By following a dollar from a shopping trip in Texas through China’s central bank, Nigerian railroads, and Iraqi oilfields, this exploration reveals the economic truths behind daily news. Why is China the largest manufacturer while the USA is its biggest customer? Is free trade beneficial? Why would a nation invest in infrastructure on the other side of the world? In this insightful read, economist Dharshini David uncovers the intricate relationships that define our globalized world, revealing who holds power and what it means for us all.