1. Unit 5 Lecture

2. Major characteristics
Redefinition of West
Democratic Transition
Changes in Belief Systems
Questioning of systems inequality

3. War and Diplomacy Two world wars Cold War
Diplomatic trend to have international organizations address changing balance of power

4. New patterns of Nationalism
Large Empires broke into smaller ethnic nations– especially after WWII (decolonization)
WWI impact
Ottoman Empire, Latin America, Cuba, Sukarno, India, Africa, Ho Chi Minh
Nationalism led to many responses
Japan, Egypt, Turkey

5. Impact of major global economic development
Great Depression- global production dropped by 36%
Countries dependent on international trade most hard hit
20th century technology– WWII technologies increased productivity
The computer age! Led to multinational corporations– GM, Exxon difficulty in regualting

6. Pac RIm Economic Strength of Pac Rim
Japanese Keiretsu- business conglomerates close to govt (supports through tariff and import regulations)
Japan!
Asian Tigers- Taiwan, SK, HK and Singapore
Den Xiaoping socialist market economic- blend of Capitalism and socialism

7. Middle East