The United States and the Soviet Union during world war II
The United States and the Soviet Union fought as allies during world war II against the Axis powers. However, the delays in opening the second front in Europe made Russians suspect the US motives. The Russians’ concerns heightened when the US suspended the lend-lease aid to the Soviets after WWII. The Yalta commitment for free elections in western Europe broke, and Russians supported the installation of communism in Romania, Bulgaria, and Poland. The cold war brought in rivalry and competition to develop and test their military and scientific abilities. The United States started developing atomic weapons in an attempt to contain the expansion of communism in western Europe. The Soviet Union in 1949 also developed its nuclear bomb. Others were the exploration of space. Each country was involved in sending satellites into space.
The cold war ended with diplomacy strategies suggested by president Ricard Nixon. The US president implemented international diplomacy mechanisms, which allowed the UN to recognize communism. Additionally, he adopted a relaxation policy toward the Soviet Union. These actions led to the signing of the strategic arms limitation treaty that reduced the nuclear weapons threat.
Positive and negative of globalization on the economy
Globalization is a connection between different parts of the word. Economically, it is the mechanism in which countries, businesses, and organizations operate on an international agreement. Economic globalization has both positive and negative effects.
Positive
Businesses gain a competitive advantage. They can access inexpensive and variety of raw materials, reduced or cheap labor in developing countries, and at the same time, access technical expertise from developed states. Consumers of the products benefit from lower prices of products as manufacturing costs have reduced. They also access a variety of goods and improved health due to the availability of a healthy diet.
Negative
Globalization has led to increased labor disputes, where workers from developed countries compete for lower-cost economies for jobs. Globalization leads to job losses, especially to the more technical workers, which affects their income. Economic globalization also leads to income inequality as unskilled workers are underpaid while more educated members are highly paid.