banking service chronicle published this article page no 21 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 banking service chronicle magazine subscription.
No comments:
Post a Comment