18:Globalization and the post-Cold War world order Flashcards
The end of the Cold War
-1989-91: fall of the Berlin Wall, free elections in Eastern Europe, collapse of the Soviet Union
- no academic consensus as to why or when it ended
Russia in the 1990s: Boris Yeltsin
-he sought partnership with the west at the cost of domestic criticism from nationalists who accused him of betraying Russian interests
-liberal economic reforms and reckless privatisation programme caused an economic crash/decline in living standards that contrasted with the rise of the wealthy oligarch class
Russia in the 1990s: Vladimir Putin
-ex-KGB nationalist
-adopted more authoritarian domestic policies
-brought economic assets back under state control
US power at the end of the Cold War
-the collapse of the Soviet Union coincided with the display of military power/technological superiority in the 1991 Gulf War
-it dwarfed rivals in military technology and economic power
when did the term of globalization emerge?
1990s
as a way of defining international relations
German reunification
-28 November 1989: 10-point program for
cooperation between the 2 German states
-18 May 1990: treaty on monetary, economic and
social union
-31 August 1990: treaty of German reunification
(Germany was officially unified on 3 October)
why did the reunited Germany maintain membership of organisations like NATO?
it was considered an enlarged continuation of the Federal Republic (west Germany )
Describe the process of European integration since 1945
-Creation of a Franco-German alliance and a
European economic community in the 1950s
-British membership of the EEC in 1973
-1992 Maastricht Treaty created the European
Union (EU) and a single European currency
-2004-2007 enlargement; EU expanded eastwards
21st challenges to European integration
-economic problems
-foreign policy
-migration
-nationalist populism
-euroscepticism
-Brexit
Global economy in the 1990s
-1990s marked an extended period of US economic growth and prosperity
-metamorphosis of GATT into a permanent organization, the WTO
-pressure in developing economies to accept liberal reforms and open up to international investment
economic/financial crises in the 1990s
1995: Mexico
1997: Asia
1998: Russia
1999: Argentina
Asia’s rising powers
-Japan had the second largest economy in the world by the 1970s
-China and India: globalisation produced rapid levels of economic growth and development
-4 asian “tiger economies” (Hong Kong,
Singapore, South Korea, and Taiwan)
Asian regionalism and economic integration
10-member Association of Southeast Asian Nations
(ASEAN): 7th largest economy in the world as a
single entity
evidence of an age of liberal optimism after the Cold War
1993-2001: Israeli-Palestine peace process
1994: democratic elections in South Africa/ end of apartheid
1993: World Conference on Human rights attended by 171 nations and 800 NGOs
number of democracies in 1942
11