Power Relations in World Politics
- Second, power relations in world politics changed and, therefore, the relative influence of ideas and institutions also changed.
- The end of the Cold War left open only two possibilities: either the remaining superpower would dominate and create a unipolar system, or different countries or groups of countries could become important players in the international system, thereby bringing in a multipolar system where no one power could dominate.
- As it turned out, the US became the sole superpower. Backed by the power and prestige of the US, the capitalist economy was now the dominant economic system internationally.
- Institutions like the World Bank and the International Monetary Fund became powerful advisors to all these countries since they gave them loans for their transitions to capitalism.
- Politically, the notion of liberal democracy emerged as the best way to organize political life.
Consequences of Disintegration| Class 12 Political Science Notes
The disintegration of the Soviet Union in 1991 was a major event in world history. It marked the end of the Cold War and the beginning of a new era in international relations. The consequences of the disintegration were far-reaching and are still being felt today. The collapse of the second world of the Soviet Union and the socialist systems in Eastern Europe had great consequences for world politics. In this article, we will discuss the consequences of the disintegration of the Soviet Union in detail.
Table of Content
- The End of Cold War Confrontations
- Power Relations in World Politics
- The End of the Soviet Bloc
- Shock Therapy in Post-Communist Regimes