CH-3 (New Centres of Powers) NOTES
CH-3 (New Centres of Powers) Notes 1. After the disintegration of Soviet Union in 1991,alternate centres of political and economic power along with America’s dominance emerged. 2. It was estimated that these alternate centres would limit America’s dominance. 3. While fixing regional solution to their historical enmities and weaknesses,these centres provided a way for development. 4. After the second world war, the organization for European Cooperation (OECC)was established by America, under the national plan. 5. The proceed with the process of economic integration of European capitalist countries systematically. 6. The council of Europe was established in 1949.it led to the formation of the European Economic Community in 1957. 7. After the collapse of soviet bloc, European Union was established in 1992. It has its own flag, anthem, founding date and currency. (INDO-CHINA RELATION) § Limited Political and cultural interaction. § ...