The aftermath of the Cold War continues to influence world affairs. After the dissolution of the Soviet Union, some considered the post-Cold War world to be “unipolar”, with the United States as the sole remaining superpower and the key engine of globalization. Besides, the U.S. was the only nation capable of projecting its military influence around the world.
Many observers also agreed that capitalism had finally triumphed. Even in the few countries where Communism remained the official ideology, the appeal of the free market could not be held in check. China in particular was determined to bring back an entire capitalist sector.