The end of the Cold War in 1991 changed a lot for developing countries and the world economy. Here are some important effects:
Economic Changes: Many countries started using market economies. By the year 2000, more than $1 trillion came into developing nations as foreign investment.
More Global Trade: The World Trade Organization (WTO) was set up in 1995. They noticed that global trade grew by 70% over the next ten years, which helped developing countries a lot.
Tech Progress: The internet helped people connect. By 2005, the number of people using the internet in developing countries went up from 5% to over 20%.
New Dependencies: As developing nations got more involved in the global market, their exports grew a lot. They went from 3.89 trillion in 2010.
These changes show how the world became more interconnected after the Cold War.
The end of the Cold War in 1991 changed a lot for developing countries and the world economy. Here are some important effects:
Economic Changes: Many countries started using market economies. By the year 2000, more than $1 trillion came into developing nations as foreign investment.
More Global Trade: The World Trade Organization (WTO) was set up in 1995. They noticed that global trade grew by 70% over the next ten years, which helped developing countries a lot.
Tech Progress: The internet helped people connect. By 2005, the number of people using the internet in developing countries went up from 5% to over 20%.
New Dependencies: As developing nations got more involved in the global market, their exports grew a lot. They went from 3.89 trillion in 2010.
These changes show how the world became more interconnected after the Cold War.