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There is not yet an authoritative definition of geoeconomics that is clearly distinct from geopolitics. The challenge of separating geopolitics and geoeconomics into separate spheres is due to their interdependence: interactions among nation-states as indivisible sovereign units exercising political power, and the predominance of neoclassical economics' "logic of commerce" that ostensibly ...
The First World and the Second World were competing for political and economic influence over developing nations known as the Third World. The Human Development Index is an index used to rank countries and is quantified by looking at a country's human development such as life expectancy, education, and per capita income indicators. The scale is ...
The Cold War was a period of global geopolitical tension and struggle for ideological dominance and economic influence between the United States and the Soviet Union (USSR) and their respective allies, the Western Bloc and the Eastern Bloc. It started in 1947 and lasted until the fall of the Soviet Union in 1991.
The Cold War has continued to influence global politics after its end. The dissolution of the Soviet Union ended the Cold War and led to world that is widely considered as uni polar , with the United States being the sole remaining hyperpower, but many other rising powers hold great influence in the world and are certainly superpowers.
The global economy could be sleepwalking into a second Cold War, a leading international body has warned, as tensions between the U.S. and China risk wiping trillions from worldwide GDP.
The terms First World, Second World, and Third World were originally used to divide the world's nations into three categories. The complete overthrow of the pre–World War II status quo left two superpowers (the United States and the Soviet Union) vying for ultimate global supremacy, a struggle known as the Cold War.
The term Third World arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact.The United States, Canada, Taiwan, Japan, South Korea, Western European countries and other allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam, and their allies represented the "Second World".
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.