After the end of WW2, the Bretton Woods institutions were formalized, which helped the US to maintain dollar supremacy in the global world. Since then the USD is ruling the world despite massive international shocks such as International Financial Crisis (2008-2009).
Category: Global Politics
Understand China Taiwan Conflict
Pre Sino-Japanese war, the Island named Taiwan was ruled by the Qing Dynasty along with mainland China. When the war with Japan broke out in 1895 over the territorial issue of the Korean peninsula, the Japanese army took complete control of Taiwan.
Semiconductors: A New War Front
The competition bill in the US aims to infiltrate the Semiconductor manufacturing market with money and confrontation with China in the realm of research and technology rather than Hard-hand. However, this could affect its own allies’ interest because the current chip market’s major players are Japan, Taiwan, and the EU.
A glimpse of paradigm shift in global politics
The US-Russia cold war, the US-China economic competition and the US-Afghanistan conflicts are significant contributors to turning the face of global politics.