International Financial System "U.S. dollar hegemony in the international monetary"
International financial system
System adopted by the States in the world after the Soviet Union collapsed is nothing but rely on the free market. This is because the United States as a Superpower hegemony that is able to survive than its rival the Soviet Union at that time. Americans with "Democracy" unfurled its wings throughout the world aspects of life, from the perspective ideology, culture, and system of government, economics, and everything. This is not directly imposed upon the State as a world state if not in line with America, and then he is a terrorist and hinder world peace. In economic terms, with globalization instead of in globalized by the United States State then begin downloading the Liberal American system by adopting the system "Free Market" where the role of government is very small.
This proved to be able to hypnotize the entire world community plus the collapse of the Soviet Union's Communist leanings. With huge "Market Power’s ", will be able to boost the country's GNP.
In some period of time, this market system could cause the world economic crisis with recession and massive financial deficit that occurs in some period of time as the 1997/1998 crisis in which his victims were Asian regional. With no government interference, "free market" and this liberal perspective does not directly affect the finances and financial ability of a State, but on the other hand the impact of market patterns is more systemic. Because if the purchasing power of the weak market, or financial risk is too high then the players in the market, especially the investor will immediately leave the country markets or even leaving the country in a state of crisis and be charged to micro entrepreneurs who did not even touch the free market trade because of lost competitiveness with companies - foreign companies. This is a criticism of anti-liberal economists to the perpetrators of the liberal system. But again it is because of the great American hegemony on the international world, it still is a system that runs the liberal market system. The proof is in the presence of "World Trade Organization" (WTO), International Monetary funds (IMF), even the G20.
The fluctuation of the largest world economy in this decade is the economic distortions that lead to global financial recession like the tsunami. The crisis is not merely a consequence of monetary policy mistakes of the U.S. Federal Reserve or by the excessive creation of speculators on financial derivatives that led to distortion of financial risk assessment. This is actually a multi-factor because in addition to things - things mentioned above the fact that during the U.S. Dollar is irreplaceable as an international monetary standard, this allows the United States to ignore the deficit and foreign exchange-related recession that occurred in the world. Because as long as the U.S. Dollar is still the world standard monetary, the United States would still be importing cheaper goods and services.
Thus, the U.S. is able to use its monetary policy inflation for its own goods and services while ignoring asset bubbles. But excessive debt in the United States was both from the Public and Private eventually lead to an adjustment. As commodity prices soared and the goods and services prices rise, then monetary policy must change. After monetary policy is changed, the monetary market responds, it will trigger the subprime lending crisis. Subsequently, the whole world should follow the U.S. in stimulating the economy with monetary and fiscal policies to deal with inflation, starting a new cycle, and the creation of bubbles. As in this process can reduce the debt relative to GDP, while the State - Country in the World have to suffer in sharing the cost. This is one factor for why countries - countries in the world feel the need to reform the monetary system / international financial markets that is absolutely dependent on "American style".
Coupled with the emergence of new economic powers of the State of the State such as China, Brazil, India, Japan, or even Indonesia, which is absolutely not true using the market as the country's economic levers, but give priority to economic actors rather than macro-and micro-or very played his State intervention in protecting the goods and services from outside so as not to defeat the economic growth of micro-economic actors.
So according to my analysis, I can say that this can be proved when the market to be controlled by the government well, would effectively increase the State's economic growth. It is like that applied by China recently that China is a country originally an anti-Communist Socialist market, began to open up the market so as to increase the State's economic growth. This was immediately echoed by the whole community in the world, with some state intervention, the people remain prosperous, the growth of the State increases. This is the real task of the State and government in ensuring the welfare of its people.
System adopted by the States in the world after the Soviet Union collapsed is nothing but rely on the free market. This is because the United States as a Superpower hegemony that is able to survive than its rival the Soviet Union at that time. Americans with "Democracy" unfurled its wings throughout the world aspects of life, from the perspective ideology, culture, and system of government, economics, and everything. This is not directly imposed upon the State as a world state if not in line with America, and then he is a terrorist and hinder world peace. In economic terms, with globalization instead of in globalized by the United States State then begin downloading the Liberal American system by adopting the system "Free Market" where the role of government is very small.
This proved to be able to hypnotize the entire world community plus the collapse of the Soviet Union's Communist leanings. With huge "Market Power’s ", will be able to boost the country's GNP.
In some period of time, this market system could cause the world economic crisis with recession and massive financial deficit that occurs in some period of time as the 1997/1998 crisis in which his victims were Asian regional. With no government interference, "free market" and this liberal perspective does not directly affect the finances and financial ability of a State, but on the other hand the impact of market patterns is more systemic. Because if the purchasing power of the weak market, or financial risk is too high then the players in the market, especially the investor will immediately leave the country markets or even leaving the country in a state of crisis and be charged to micro entrepreneurs who did not even touch the free market trade because of lost competitiveness with companies - foreign companies. This is a criticism of anti-liberal economists to the perpetrators of the liberal system. But again it is because of the great American hegemony on the international world, it still is a system that runs the liberal market system. The proof is in the presence of "World Trade Organization" (WTO), International Monetary funds (IMF), even the G20.
The fluctuation of the largest world economy in this decade is the economic distortions that lead to global financial recession like the tsunami. The crisis is not merely a consequence of monetary policy mistakes of the U.S. Federal Reserve or by the excessive creation of speculators on financial derivatives that led to distortion of financial risk assessment. This is actually a multi-factor because in addition to things - things mentioned above the fact that during the U.S. Dollar is irreplaceable as an international monetary standard, this allows the United States to ignore the deficit and foreign exchange-related recession that occurred in the world. Because as long as the U.S. Dollar is still the world standard monetary, the United States would still be importing cheaper goods and services.
Thus, the U.S. is able to use its monetary policy inflation for its own goods and services while ignoring asset bubbles. But excessive debt in the United States was both from the Public and Private eventually lead to an adjustment. As commodity prices soared and the goods and services prices rise, then monetary policy must change. After monetary policy is changed, the monetary market responds, it will trigger the subprime lending crisis. Subsequently, the whole world should follow the U.S. in stimulating the economy with monetary and fiscal policies to deal with inflation, starting a new cycle, and the creation of bubbles. As in this process can reduce the debt relative to GDP, while the State - Country in the World have to suffer in sharing the cost. This is one factor for why countries - countries in the world feel the need to reform the monetary system / international financial markets that is absolutely dependent on "American style".
Coupled with the emergence of new economic powers of the State of the State such as China, Brazil, India, Japan, or even Indonesia, which is absolutely not true using the market as the country's economic levers, but give priority to economic actors rather than macro-and micro-or very played his State intervention in protecting the goods and services from outside so as not to defeat the economic growth of micro-economic actors.
So according to my analysis, I can say that this can be proved when the market to be controlled by the government well, would effectively increase the State's economic growth. It is like that applied by China recently that China is a country originally an anti-Communist Socialist market, began to open up the market so as to increase the State's economic growth. This was immediately echoed by the whole community in the world, with some state intervention, the people remain prosperous, the growth of the State increases. This is the real task of the State and government in ensuring the welfare of its people.
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