Recently the world has been witnessing intense struggle between major economies for economic supremacy which has often been termed as New Cold War by experts. Elaborate. Also, explain the role that India can play in this estrangement.
Answer: Cold War period was the post World War II era during which an intense struggle for supremacy and for building alliances was taking place between two blocs, one led by USA and the other by the USSR.
Recent developments around the world highlight the faint occurrence of dissensions and splitting up of the world into blocs:
The New Cold War is emerging between the US and China as both the countries are confronting each other in three distinct domains:
- Security;
- Trade and Investment;
- Technology
Security: Russia and the US have recently pulled out of the 1987 Intermediate-Range Nuclear Forces (INF) Treaty, ....
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