25 The 1990s

25 The 1990s - The 1990s The Decade of Globalization 1 The...

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The 1990s: The Decade of Globalization 1. The Disappearance of a Superpower a. Economic plans/reform failed b. As a result of dissatisfaction, Gorbachev becomes criticizing target c. Emergence of ethnic divergence d. August 1991, coup against Gorbachev but fails. Russian Prez Yeltsin resisted the troops e. December 1991, Gorbachev resigns, the SU ceases to exist f. Russia inherits the Soviet Union’s Assets i. Gov. offices (Kremlin) ii. Soviet embassies abroad iii. USSR seat in UN 2. And After the Cold War? Two Views a. Final triumph of the US principles of American democratic capitalism against Fascism and Communism. No competing ideology left besides political democracy and market capitalism. Democracy and peace go hand in hand, every country will eventually recognize the superiority of this way of life b. Pessimists view: tension in varying political ideologies will be replaced by ethnic and religious conflicts 3. A Ray of Hope in the Middle East a. Kurdish area VS Shiite area: Iraq divided into 2 w/ no-fly zones.
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