Lead Story

‘Global Events Could Challenge Hegemony Of Dollar’

Will the ongoing Russia-Ukraine war change the idea of globalisation and sovereignty? Will the hegemony of the US dollar and its might be challenged? K.V. Subramanian, former chief economic advisor, weighs in. Edited excerpts:

Photograph: Suresh K. Pandey

Will the US move to look inward in terms of manufacturing alter the current idea of globalisation, the world order and free-market capitalism?