Wikilatief - Who benefited the most from the collapse of the Soviet Union?
PEOPLE'S REPUBLIC OF CHINA!
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| Chinese flag |
POLITICAL ADVANTAGES
Many people must have known about the Cold War between the United States and the Soviet Union, between capitalist democracy, and socialist communism.However, few people know about such a war that also took place at the same time, between the Soviet Union and the People's Republic of China; two countries ruled by the communist party, but engaged in fierce competition to fight for the political agenda of each party.
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The Soviet Union considered its Neo-Marxism to be the right path and should have been followed by countries from socialist strongholds. However, China with Mao's version of Neo-Marxism rejects that.
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| Early Chinese-Soviet schism |
Divisions broke out, leading to a race for influence in Asian and African countries that had recently gained independence from long colonialism.
This competition dates from the late 1950s to the late 1980s. In 1991, the Soviet Union collapsed due to its long rivalry with Washington.
This made China with its Maoism doctrine as the single most powerful and influential country in the post-1991 socialist stronghold.
The historic meeting between Brzezinski and Deng was aimed at normalizing relations between the U.S. and China (which Mao and Nixon had planned), as well as forming a situational alliance between the two countries to limit the ambitions of the Soviet Union.
In return for the situational alliance, U.S. authorities promised china a major long-term investment. In 1979–1981 alone, the United States invested more than $1.2 billion into the Chinese economy, and $700 million in China's domestic industry.
ECONOMIC BENEFITS
On May 21, 1978, Zbigniew Brzezinski, U.S. National Security Adviser, visited Beijing and met with Deng Xiaoping, China's Vice Premier at the time. |
| Zbigniew Brzezinski & Deng Xiaoping |
In return for the situational alliance, U.S. authorities promised china a major long-term investment. In 1979–1981 alone, the United States invested more than $1.2 billion into the Chinese economy, and $700 million in China's domestic industry.
In the same years, the U.S. also gave Beijing free access to major U.S. foreign loan funds.
The collapse of the Soviet Union
When the Soviet Union collapsed in 1991, China's relations with the US became increasingly intimate.The Cold War, which had restricted investment and trade between the West, and the East, eventually vanished.
China welcomes a new era of globalization enthusiastically followed by increased investment funds flowing from the US and its allies.
As you can see above, the U.S. and its allies contributed 82% of the total foreign investment funds flowing into China in the first half of the 1990s.
'In short, China is the country receiving the greatest benefits from the dissolution of the Soviet Union.'
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| Foreign investment in China, since, 1990 |
As you can see above, the U.S. and its allies contributed 82% of the total foreign investment funds flowing into China in the first half of the 1990s.
It was this barrage of investment funds that ultimately changed the face of the Chinese economy, so that it could become what it is today; the country with the second largest economy in the world, after the United States.
This golden period of the 1990s in China will not occur as long as the Cold War iron curtain separating the West and east still exists.
This golden period of the 1990s in China will not occur as long as the Cold War iron curtain separating the West and east still exists.
This has not been coupled with the benefits in the fields of technology, education, agriculture, and so on that China could not have achieved so quickly without the collapse of its neighbor, the Soviet Union.
(the collapse of the Soviet Union)