Iceland in the Eurovision Song Contest 2014 compete with at the Eurovision Song Contest. "Lífið kviknar á ný" was performed in English as "Up and Away", while "Enga fordóma" was performed in a mix of Icelandic and English. Televoting solely selected "Enga fordóma" performed by Pollapönk as the winner in the second round. As winners of the competition, Pollapönk won a monetary prize of 1 million Icelandic króna and the right to represent Iceland in Copenhagen. During the semi-final allocation draw on 20 January 2014 at the Copenhagen City Hall, Iceland was drawn to compete in the first half of the first semi-final on 6 May 2014.
Monetary hegemony Monetary hegemony Monetary hegemony is an economic and political concept in which a single state has decisive influence over the functions of the international monetary system. A monetary hegemon would need: The term monetary hegemony appeared in Michael Hudson's "Super Imperialism", describing not only an asymmetrical relationship that the US dollar has to the global economy, but the structures of this hegemonic edifice that Hudson felt supported it, namely the International Monetary Fund and the World Bank. The US dollar continues to underpin the world economy and is the key currency for medium of international exchange, unit of account (e.g.