YoutubeCelebrityMediaTV--油管名人媒体电视

Celebrity media special coverage The event of The Korea Society： US Dollar’s Impact on Global Order

Details: Category: English Media; Published: Wednesday, 03 April 2024 14:33; Written by Eager

Celebrity Media Editor's Note: Yesterday, at an event co-hosted by the Korea Society and the National Committee on American Foreign Policy, industry experts and thought leaders gathered to discuss the complex dynamics of the dollar's impact on the global order. Attendees participated in a discussion and explanation by Celia Mosen about her work, "Paper Soldiers - How the Weaponization of the Dollar Changed the World Order." Tom, the President and CEO of the Korea Society, emphasized that their mission is to deepen the ties between Korea and the United States, laying the foundation for cross-border dialogue on the nuances of economic and political differences.

The dialogue also touched upon the challenges faced by the US economy, emphasizing the interconnectedness of domestic policies and global economic structures. The event facilitated a robust discussion on the resilience of the dollar amidst geopolitical shifts and financial uncertainties, offering a platform for attendees to engage with the economic narratives shaping our world.

The insightful conversation underscored the importance of understanding the dollar's weaponization and its broader implications. It highlighted the need for collaborative efforts to navigate the evolving global landscape and to consider the future of economic strategies in shaping a balanced global order.

Main Speaker: Celia Mosen, Senior Washington Correspondent, Bloomberg News

Celia Mosen delved into the strategic use of the U.S. dollar by the Treasury to assert global dominance and the implications of this strategy on international relations and economic stability. She discussed the nuanced aspects of economic sanctions, the resilience and challenges of the U.S. economy, and how American allies perceive the dollar's role in the global financial system. Mosen provided insights into the interconnectedness of domestic policies with the global economic order, emphasizing the need for a nuanced understanding of the dollar's weaponization and its global repercussions.

Tom outlined the organization's diverse programming across arts, culture, education, business, and policy, highlighting their collaboration with the National Committee on American Foreign Policy on multifaceted discussions about the US-Korea alliance and broader international relations. He set the stage for an engaging conversation about the US's strategic use of the dollar and its implications on global supremacy and democratic values.

Tom introduced the event, emphasizing the organization's mission to enhance cooperation and understanding between Korea and the United States. He highlighted the organization's multifaceted approach, encompassing arts, culture, education, business, and policy, and its collaboration with the National Committee on American Foreign Policy. Tom set the context for the discussion by touching on the themes of Celia Mosen's book, "Paper Soldiers," particularly focusing on the U.S. Treasury's use of a strong dollar policy as a tool of economic and democratic influence, despite the ongoing challenges of maintaining the dollar's primacy in international trade and the U.S.'s eroding credit quality.

Susan Elliott, President and CEO of the National Committee on American Foreign Policy, thanked everyone for attending both in-person and virtually. She emphasized the value of personal interactions, especially in the context of the event's topic. She introduced the National Committee on American Foreign Policy as a non-profit, nonpartisan organization focused on informal diplomatic dialogues, also known as track two discussions. The organization hosts dialogues among parties in conflict from different countries, focusing on critical regions like the Republic of Korea and Japan and issues concerning North Korea.

Susan highlighted the committee's efforts in hosting roundtable discussions for members and experts and its emerging leaders program, which includes next-generation scholars with a focus on the Korean Peninsula. She stressed the close bond and collaboration between the National Committee and the Korea Society, especially in hosting public education programs like the one being held.

Marking the 50th anniversary of the National Committee, Susan reaffirmed the organization's commitment to shaping American foreign policy through vital discussions on topics affecting the region and the world. She acknowledged the proximity to the Korea Society and expressed eagerness for future collaborations.

In addition to thanking Tom and other participants, Susan highlighted the importance of the day's discussion regarding America's strong dollar policy and its implications. She expressed interest in understanding the potential impacts of changes in the dollar's value, especially concerning relations with the Republic of Korea and other global partners.

Susan then introduced the speakers, Celia Mosen and Jacqueline Adams, emphasizing their expertise and the significance of their discussion in shedding light on the themes of the book "Paper Soldiers" and the broader context of the U.S. dollar's role in global economics and policy.

Susan's speech offers an insightful overview of the National Committee's objectives and its synergy with the Korea Society in fostering informed discussions on international relations, emphasizing the importance of the event's theme in understanding the intricacies of American foreign policy and economic strategy.

The event predominantly discusses the global influence of the U.S. dollar, its impact on international relations, economic sanctions, and the strategic financial policies of the United States. While the main focus is on the U.S. dollar's role in the world order and its relation to U.S. economic policy, there are a few mentions of China in the context of global financial dynamics:

Yuan as a Potential Alternative to the Dollar: The conversation touched upon the notion of the Chinese yuan potentially becoming an alternative to the U.S. dollar as the world's reserve currency. It was noted that despite China's economic size and efforts to internationalize the yuan, the currency lacks the transparency and openness that investors find in the U.S. dollar, which is crucial for a global reserve currency.
Global Financial Fragmentation: There's a mention of the world dividing into two camps, with one led by China and the other by the U.S., indicating a fragmentation in global financial alliances and the potential implications for the U.S. dollar's dominance.
China's Economic Policies: The discussion briefly touched on China's control over its currency and the challenges that pose for the yuan to be seen as a viable alternative to the dollar in the global financial system.

These mentions provide a context for China's role in the global financial system and its relationship with the U.S. dollar's dominance but do not delve deeply into Chinese-specific topics or policies. The overarching theme remains focused on the U.S. dollar's influence and the strategic economic considerations of the United States on the world stage.

The co-organizers emphasized：For further insights into "Paper Soldiers" and the weaponization of the dollar, attendees were encouraged to explore additional resources and engage with the ongoing dialogue on this critical subject, reinforcing the event's role in fostering informed discussions on pivotal economic and policy issues.

About [Organization Name]: Dedicated to promoting mutual understanding and cooperation between Korea and the United States, [Organization Name] offers comprehensive programs in arts, culture, education, business, and policy, contributing to the discourse on international relations and economic strategies.

The UN chief on Friday launched a plan to boost empowerment of women and girls around the world, unveiling details at a meeting commemorating International Women’s Day on the theme of investing in women and girls.

“Equality is overdue; to achieve it, we must match rhetoric with resources,” said UN Secretary-General António Guterres. “We must invest in women and girls, turbocharge progress and build a better world for us all.”

His new UN System-Wide Gender Equality Acceleration Plan “commits to placing women and girls at the centre of our work across the board”.

“We will support governments around the world to design and implement policies, budgets and investments that respond to the needs of women and girls.”

Pushback against global backlash

The new plan comes against a global backlash against women’s rights that is threatening and sometimes reversing progress in developing and developed countries alike, he said, pointing to such egregious examples as Afghanistan’s gender-based restrictions on school and work outside the home and The Gambia’s consideration of legalising the harmful practice of female genital mutilation.

“The global crises we face are hitting women and girls hardest, from poverty and hunger to climate disasters, war and terror,” he said.

Over the past year, horrific reports on the impact of conflict which effects women and girls around the world have emerged, from testimonies of rape and trafficking in Sudan to recent reports on sexual violence during the ongoing Israel-Palestine conflict.

On the latter crisis, he highlighted a report by his Special Representative on Sexual Violence in Conflict, Pramila Patten, on sexual violence and sexualised torture during the Hamas terror attacks in Israel, and reports of sexual violence against Palestinian detainees, at a time when maternity services are crumbling in war-torn Gaza, where women and children make up the majority of the over 100,000 now killed and injured.

Amid displacement and bombardment, more deliveries of care for women and girls is urgently needed, according to UNRWA, which provides hygiene kits at shelters like this one.

Countering bias

However, targeted programmes and quotas may be required to tackle “baked-in bias” and dismantle obstacles to equality, Mr. Guterres said, urging Member States at the forthcoming Summit of the Future in September to support proposals for metrics that go beyond gross domestic product (GDP).

GDP disregards domestic labour carried out by billions of women while complementary metrics provide a more comprehensive and balanced picture, he explained.

In addition, resolving gender bias in poverty is critical, he added.

Equality is ‘some 300 years away’

“At our current rate of change, full legal equality for women is some 300 years away,” as is the end of child marriage, the UN chief said.

By 2030, over 340 million women and girls will still be living in extreme poverty, some 18 million more than men and boys, unless action is taken now.

“That is an insult to women and girls, and a brake on all our efforts to build a better world,” he said. “We must drastically up the pace of change.”

Three priority action areas

Highlighting three priority areas for action to make investments in women and girls a reality, the Secretary-General said the first step is urgently increasing affordable, long-term finance for sustainable development.

The second step requires governments to prioritise equality for women and girls through such efforts as his newly launched plan and the final action area is to increase the number of women in leadership positions, which can help to drive investment in policies and programmes that meet the needs of women and girls.

Colombian coffee grower Deyanira Cordoba has learned about her economic rights and more from a UN Women project.

‘Poverty has a female face’

Also addressing the commemoration, UN Women’s Executive Director Sima Bahous said the UN’s values and principles “have never been as challenged as today”.

“Poverty has a female face,” she said. “When more women are economically empowered, economies grow.”

Likewise, empowerment translates into helping families flourish alongside peace and justice for all, she said, stressing that “we need a humanitarian ceasefire in Gaza now”, as more than 9,000 women have been killed in Israeli attacks.

Going forward, the Summit of the Future provides an opportunity for women’s voices to be heard and for further progress on their empowerment towards a more peaceful future for all, including every woman and every girl.

Deputy Secretary-General: ‘It’s enough’

Gender equality is “absolutely non-negotiable”, said Deputy Secretary-General Amina Mohammed during a panel discussion.

“The atrocities, the tragedies, the burden of pain and sacrifice are every day,” she said. “We need to speak out on it and to really say ‘it’s enough’. It’s enough in Gaza. It’s enough in Sudan. It’s enough in Myanmar.”

Progress made in the last 30 years have been a “band-aid”, and action is needed to close the gender gap.

“When we say ‘peace and security’, we’re not in the rooms when peace is being discussed,” she said, “so how can you possibly find sustainable peace when those that suffer most from the absence of peace are not even in the room?”

To change that, women must be empowered, from peace negotiations to emerging innovative technology.

“We’ve got to be negotiating at the table,” she stressed.

Participants at a discussion on how women contribute to peace in their communities in Indonesia.

Moderated by NBC news anchor Richard Lui, today's commemoration also featured open remarks by the UN General Assembly President, the chair of the Commission on the Status of Women (#CSW68), presentations by young entrepreneurs from Kenya and the United States, a panel discussion with the UN Deputy Secretary-General, the head of the UN Children's Fund (UNICEF) and the Deputy Executive Director Diene Keita of the UN reproductive health agency, UNFPA, and performances by Rockers on Broadway and the UN International School (UNIS) senior choir. Actor Anne Hathaway also sent a video message to mark the day.