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Opinion | How Harris and Trump will seek to preserve US dollar hegemony

The “Gilpin dilemma”, an essential concept in international relations theory, stems from the analysis of hegemonic stability theory by American scholar Robert Gilpin. It illustrates the long-term challenges faced by a hegemonic power as it plays a leading role in maintaining international order. The hegemon shoulders the burden of providing global public goods at great […]

‘Deeply misguided’ to wall US off with tariffs, says Yellen

Treasury secretary Janet Yellen opposed Republican presidential candidate Donald Trump’s plans for across-the-board tariffs on US imports. (AP pic) WASHINGTON: US treasury secretary Janet Yellen pushed back Thursday on Republican presidential candidate Donald Trump’s proposals of high tariffs on allies and rivals, calling such moves “deeply misguided” weeks before the Nov 5 election. Her remarks delivered […]