Globalization has replaced the Cold War system that divided the world between the Communist blocs and the Socialist blocs.

Question

Quizplus · Accepted Answer

Globalization refers to the process of increased interconnectedness and interdependence among countries, primarily in terms of trade, investment, and cultural exchange. The Cold War system divided the world between the Communist bloc led by the Soviet Union and the Capitalist bloc led by the United States, not between Communist and Socialist blocs. Globalization is a separate phenomenon that has grown significantly after the end of the Cold War, rather than replacing its ideological divisions.

Globalization Has Replaced the Cold War System That Divided the World