Effects of the usd use on global politics

This study aims to reveal the effects of the worldwide usage of USD on global politics. For the aim in question, the primary research question of this study has been composed as following: What are the effects of the worldwide usage of USD on global politics? To answer this question, literature review (historical background of both the U.S.' and international monetary system, contemporary status of global politics, debates on the dominance of USD are examined.). In the data and analysis phase, descriptive statistical method and comparative analysis has been deployed for the data comprising the years between 1995 and 2019. The data analyzed in this study has been obtained from both national and international databases (TCMB, Federal Reserve Bank of Philadelphia; OECD, IMF and World Bank) as secondary sources. In the light of the findings and discussions in this study, it has been detected that worldwide use of the USD has both positive and negative effects on both the US. and the rest of the world in the areas covered in this study However, the majority of the result achieved in this research indicates that universal use of USD provides substantially huge positive effects with the U.S. while it affects substantially the rest of the world negatively in the areas covered in this study. In the ongoing phase of this research, alternative models of the USD dominated global politics has studied. With this regard, Special Drawing Rights (SDRs), electronic monies, gold and two models developed by myself have been evaluated and, gold and two models in question are found to be as an alternative model of the ongoing USD dominated global politics. Afterwards, new balances in global politics after COVID-19 Pandemic was evaluated. According to it, China and other developing countries like Turkey are to increase their political power and existence in global politics. In addition to the findings and limitations of this study, recommendations for policymakers and further researchers are put forth in the last chapter of this thesis Keywords: Currency, Economy, Global Politics, International Monetary System, USD