Globalization and Global Governance in the 21st Century

Author
Jeffrey Hart, Joan Edelman Spero
Content Type
Working Paper
Institution
Centre for International Peace and Security Studies
Abstract
An examination of international economic relations in the six decades since World War II reveals many ways in which political factors have shaped economic outcomes. The postwar security system significantly affected the postwar economic system. The creation of a bipolar security system following the outbreak of the Cold War led to the separation of the Eastern and Western economic systems and provided a basis for the dominant role of the United States in the Western system and of the Soviet Union in the Eastern system. The end of the Cold War led in turn to the end of the East-West economic divide and to the integration of the formerly Communist countries and China into the global capitalist economy.
Topic
Cold War, Globalization, Government, International Cooperation, International Political Economy, International Security, International Affairs
Political Geography
United States, China