The Cold War And The International Political Economy In 2020

International economic change, in this view, precipitated the ideological and geopolitical developments that would bring the Cold War to its end. The cold war was to dominate international affairs for decades and many major crises occurred the Cuban missile crisis, Vietnam, Hungary, the Berlin wall and Korea crisis being just some for many the growth in weapons of mass destination was the most worrying issue and its impact on world politics. In the post- Cold War, post-USSR era of international relations, an invigoration of the role of the United Nations took place. It played an important role in ending, through a collective security war the Gulf crisis resulting from the occupation of Kuwait by Iraq. It was successful in bringing peace to war torn Cambodia and Afghanistan.

The chapter describes the structures of the Western and Soviet-led economic orders and the interaction between the two blocs during the Cold War. It also examines contemporary research concerning the effectiveness of the strategic embargo employed by the Western states against the communist nations and highlights the role of economic issues in the ending of the Cold War. Cold War: Political, Social, Economic. STUDY. PLAY. Political: Containment. This was the process of keeping communism within the Soviet Union and began with Truman at the end of the Second World War. This was the beginning practice within the Cold War with the passing of the Marshall Plan and Truman Doctrine.

The Cold War shaped American foreign policy and political ideology, impacted the domestic economy and the presidency, and affected the personal lives of Americans creating a climate of expected conformity and normalcy. By the end of the 1950's, dissent slowly increased reaching a. The Cold War began, a long period of rivalry 1947-1991 which pitted the U.S. against the Soviet Union and their respective allies and determined international relations for almost half a century. Potsdam conference, the alliance started to crumble, July 1945 The Cold War was fought on the political, economic, and propaganda fronts. The World Economy After the Cold War.The international position of individual countries will derive increasingly from their economic prowess rather than their military capability. The relative power of the United States-and, even more, of the Soviet Union-will fall; Europe's-and, even more, Japan's-will rise. Economic Causes The United States wanted to encourage free trade throughout the world. The Soviet Union wanted to shield off her own sphere from international commerce. Russia feared that trade with the West would involve the risk of Russia being opened to western influences which would have eroded the strength of the totalitarian regime. The world's major economies are no more integrated today than before World War I, and the North-South gap is increasing. Globalization is changing international security more quickly and profoundly than international political economy.

Soviet Union came in the grip of several domestic, economic, political and ethnic problems and had little time and strength for external conflicts. By November 1990 the Cold War was formally ended and July 31, 1991 Moscow summit confirms the end of the cold war and devastating conflict between the world’s two superpowers.

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