Chapter 9. Governance

Amid the destruction following WWII, a new world order was formed. We faced a dangerous rivalry between two global superpowers, the deployment of the atomic bomb, Western Europe in ruins for the second time in less than 30 years, and new nation-states formed by peace treaties. Nonetheless, the world (with strong American leadership) evolved a new system of institutions, relationships, treaties, regulatory frameworks, and checks and balances that sustained a new global order for 40 years.

Some elements from this era remain. However, when the Cold War ended, the world entered a new and calmer period of change. There was little violence and destruction, and in sharp contrast to the urgency felt in the late 1940s, a sense of ...

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