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Geopolitics
During the Cold War era, global power dynamics were heavily influenced by the rivalry between capitalist and communist ideologies, primarily represented by the United States and the USSR.
Economic issue arise when a few big companies dominate the market, leading to increased prices and decreased innovation because of reduced competition.
Geopolitics
Consumerism
The Cold War encouraged economic rivalry and technological development between the US and USSR, which aided in the development of consumerism
⬆️
Main advancements in communication and transportation technologies
Major Outcomes
Lead to
degree of power is greatly influenced by a nation's reliance on and participation in global trade.
Politcal/ Power
Militarism
Ex. US Cold War military spending peak in 1985 ($1.3 Trillion)
Power Dynamics
Soft Power
Government Diplomacy
Hard Power
leads to economic power (Aid/bribes)
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Proxy war
Terrorism
Vietnam war, Afghanistan war
Cold war
Conflict between ideologies: capitalism and communism
Economic
Nationalism
Monopolies
Political concern occurs when a limited number of firms can influence policymakers to pass rules or regulations that favor their interests over others.
EX. NAFTA
Global interdependence
Liberalized economies
May lead to job displacement (affecting social barries)
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Trade
Technological Innovation
Liberalized economies
Exports/Imports
Countries rely on exports/imports from developed countires