"Competition is inevitable." The Honorable Henry M. Paulson Jr., US Secretary of the Treasury 2006-2009, in discussion at #UBSgcc with Arend Kapteyn, UBS Global Chief Economist. "There’s nothing wrong with healthy competition, but you don’t need unhealthy confrontation.” #UBSconf
The dollar's enduring dominance is remarkable, especially given the rise of emerging markets and the relative decline of the U.S. economy. Henry M. Paulson Jr. considers the factors that put primacy at risk—and the policies that can keep the dollar on top.