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EMERGING ALLIANCES IN A SHIFTING MULTIPLEX WORLD ORDER: ANALYZING POWER STRUGGLES AND GEOPOLITICAL DYNAMICS LEADING TO THE DECLINE OF US DOLLAR HEGEMONY

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Description

This research explores the decline of the dollar’s hegemony in a rising multiplex global system. It explores what are the key geopolitical and economic factors contributing to the decline of US dollar hegemony in the global financial system? Additionally, How do emerging alliances in a shifting multiplex world order influence global financial governance? This research evaluates how emerging alliances, such as BRICS and BRICS Plus, influence the structure of international monetary systems and global financial governance. This research uses the international political economy (IPE) lens, which examines the political economy at the global level. International Political Economy however posits that political activities and structures do have an important correlation concerning the extent of their impact on each other as well as the economy. Specifically, it aims to analyze the shift of US dollar dominance in a more and more complex and multilateral system based on multiple poles of power. This study follows qualitative research methods and is based on secondary sources. The purpose of this research is to provide a deep analysis of the geopolitical and economic reasons. The research also seeks to conduct a critical analysis of the development of US dollar's role in international trade and to explore the global trade evolved in response to the rise of emerging markets of developing powers, and challenge the process of the international monetary regime and international financial governance structuring. the study intends to contribute to proposing pragmatic reform of international financial governance in order to guarantee stability and inclusivity in the multiplex world order. The goal is to identify the pathways for the integration of the emerging economies into the operations of international financial institutions in their decisions, with a focus on how to preserve systemic stability. Keywords: US dollar hegemony, I.P.E, Global financial governance, Economic interdependence, Multiplex world order and emerging economies.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
13 April 2026
Listed Since
14 April 2026

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