Is Globalization and US Dollar domination (denomination) in international trade over?

January 29, 2024January 29, 2024 Discipline: Finance

Since the start of the conflict in Ukraine, consequent sanctions, and supply-chain disruptions following Covid-19 there has been risks of countries circumventing these sanctions, challenging the Internantional Monetary System and the US Dollar domination as a unit of account.  There has been evidence of some countries engaging in bilateral trade domination in currencies other than the US Dollar, for their mutual benefit.

Discuss the potential risk and consequences of these and towards the future of globalization.

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