Acceso usuarios
Taib Othman Abdurrazaq, Aysar Y. Fahad
Purpose: This research deals with the major changes in trade balances between large countries, especially between the United States and China, in light of the continuous increase in the capabilities of the Chinese economy. This was reflected in the exchange value of foreign currencies to reflect this shift in economic balances. The aim of this study is to examine the relations between the rise of the Chinese economy and its currency, the Yuan, and the possible decline in the international dealings of the dollar.
Methodology: The analytical descriptive approach was adopted to analyze the relationship between the increasing capacity of the Chinese economy and the decline in financial transactions in the US dollar.
The theoretical framework: This research will deal with shifts in the economic balance of power by presenting an analysis of the reality of both the United States and China and analyzing the dimensions of this shift on the overall international relations between different countries.
Findings: The results of this research the fact that the volume of trade competition between the United States and China has increased, and despite the importance of sound economic policies that support international competitive advantage, the role of comparative advantage achieved by the abundance of factors of production is no less important than improving the country's commercial performance.
Research practical and social implications: The research is of great importance by showing the size of the relationship between the future of the dollar in commercial dealings with it and the rise of the Chinese economy and the conditions it will impose among all countries dealing in dollars.
Originality/value: The research has great that it analyzes changes in the contemporary international balance of power with the emergence of new international trade powers.
