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But China and the oil-rich Gulf states have ample reason to play their part in an orderly decline of the dollar's dominance.
"The administration wants a continued gradual orderly decline in the dollar, and the Europeans want to stop the rise in the euro," Mr. Bergsten said.
"I want to share with everyone what my shop foreman said to me yesterday: 'All we can hope for now is an orderly decline.' My country is unrecognizable to me".
We're really talking about how to continue the orderly decline of these big producers who are now down to half the capacity of what they were 25 years ago".
Most forecasters, however, are predicting an orderly decline, not a precipitous one, in part because the dollar's decline so far has not hurt either the stock market or the bond market, where interest rates are still low relative to the economy's growth in the second half of last year.
The Plaza Accord under President Reagan led to an orderly decline in the value of the dollar and a sharp reduction in the trade deficit.
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The only silver lining so far has been that these adjustments to the currency have been orderly — declines in the broad dollar index averaging a little less than 4percentt per year since early 2002.
It was market structure and trading strategies — related to relatively new financial and technological innovation — that turned what might have been an orderly market decline into a crisis.
An orderly dollar decline, like the one that occurred last year, is easy for the economy and the financial markets to handle.
Other ingredients of a new economy that some groups advocate include: Adoption of an international "oil depletion protocol" for an orderly, equitable decline of fossil-fuel use and a transition to less total energy use; a commonly used term for this is "powering down" – that is, aiming at minimum energy for sufficiency and equity.
Business as usual - the orderly management of decline - is not an option according to the RSPB's Dr Mark Eaton.
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