international situation after cold war (emerging economies) Flashcards
(6 cards)
EU
(during cold war)
western European countries strengthened the economic cooperations since the start of cold war
members of the European Community signed the Single European Act
EU
(post cold war period)
1992 treaty on EU
1993 establishment of EU
deepened cooperation + more member states -> economic strength of Europe increases
“Euro” introduced in 1999 and became the 2nd largest economy after the US
Europe became more active in the international community -> stable development of the world
China
(during Cold War)
great influence on communist activities (Korean War)
engage in regional affairs through diplomatic means (Bandung Conference)
serious economic crisis in 1960s
“reform and opening up”
economic reforms and opening up to the outside world
became regional political and economic force
China
(post Cold War period)
world’s fastest growing economy
top ranked in productivity and export volume
advanced aerospace technology
strong military power
promote political stability and economic development in Asia
advocated the peaceful resolution of disputes
mediated in the NK nuclear war
valued cooperation with international organizations
Association of Southeast Asian Nations
Muti-Faceted diplomacy
established diplomatic and cooperative partnerships and joined peacekeeping missions of the UN to increase international influence
India
(during Cold War)
refused to ally with USSR or US
played leading roles at the Bandung Conference and the Non-Aligned Movement
promoted cooperation among weaker countries and became a new force among Asian and African countries
improved relations with USSR to increase trade but its pro-Soviet position caused it to be marginalized
India
(post Cold War period)
after the disintegration of USSR the economic crisis in India worsened -> economic reforms
introducing market economy
opened up its market and focused on exporting high technology this caused their economy to develop rapidly and trade relations between india and the west strengthened
Look East Policy
Improve relations with East and Southeast Asia
signed economic cooperation agreements with ASEAN countries and Japan
Participated in summit meetings of ASEAN and East Asia
this increased their economic influence