dedollarization

In his bestselling book of 1987, The Rise and Fall of Great Powers, historian Paul Kennedy chronicles the rise of western power and its world dominance from 1500 to the present. He reports that the rise was not due to any particular event, nor even an unusual series of events. It was, in fact, neither […]

The international business and financial world has long held that independence and diversification makes good business sense. Before the word “diversification” was popularized in business schools and the economic media, the quaint folksy “don’t put all your eggs in one basket” was the simple common sense precursor.