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Question
Highlight any four changes that occurred in the world politics after the end of Cold War.
Solution
- With the end of the Cold War, the ideological schism was resolved. As a result, the dominance of free market capitalism is the first defining feature of the post-Cold War era. It has since come to be recognized as an important tool, strategy, and method of attaining economic success. Most countries that accepted communism or socialism to advance economically have now adopted capitalist philosophy.
- The second hallmark of the post-Cold War era is the rapid rise of global trade. With the establishment of the WTO, a multilateral trading regime based on rules was established. The expansion of global trade enabled countries to build economic links and become reliant.
- The conclusion of the Cold War and the breakup of the USSR resulted in a unipolar world with the United States as the sole superpower. In international relations, unilateralism refers to a country's policies and endeavors to achieve its foreign policy goals without regard for the views and interests of other countries or international interests.
- Environmental protection, human rights promotion, gender equality, and natural disaster management have all gained global significance.
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