Summary -
The devastated economy of Western Europe in the
aftermath of Second World War and the emergence of bi-polar world with US and
USSR emerging as super powers are explained.
Strategies of the competing super powers to
establish hegemony through measures of economic aid and military pacts are
discussed.
Marshall Plan of the US and the USSR’s Moltov Plan
as a response, the formation of NATO and signing of Warsaw Pact by Soviet Union
with its satellite countries to counteract the former’s offensive are
highlighted.
The Third World countries and their non-alignment
movement are detailed.
UNO and its role in resolving global disputes with
focus on Korean War, Suez Crisis, Arab-Israeli Wars are dealt with.
Evolution of European unity culminating in the
establishment of European Economic Community that transformed into European
Union is traced.
The end of the Cold War with the collapse of Soviet
Union is analysed.
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