Presentation on theme: "Homework Omar Rodriguez Orso-1. Article questions 1.This affects E/SE asian economy b/c the dollars they have right now will drop in value, making the."— Presentation transcript:
Homework Omar Rodriguez Orso-1
Article questions 1.This affects E/SE asian economy b/c the dollars they have right now will drop in value, making the value of the money they have right now drop. This means theyll have less money, but the same amount of bills. The article described some of the dollars China has as a hot potato. I agree with this because it means China will try to get rid of ;Dollars simply because the value is dropping Were already being affected by this. The economic recession is causing a higher demand for jobs, increased number of people not working. And the amount of money per person to drop.
summary This article is mainly on the Unites States but has great efects on East and South Asia as well. First of all, it states that the reign of the dollar as a reigning currency may change. This affects Asia by: Firstly, the US dollar has been the most important foreign currency for Chinas external economic relations. Should the US dollar begin to decline, China will need to find an alternative. Secondly, chinas large foreign exchange reserves have become ahot potato if the value of the US dollar fluctuates, it may cause the value to drop. This will make the money less valuable