Cold War - Aftermath

Aftermath

Following the Cold War, Russia cut military spending dramatically. Restructuring of the economy left millions throughout the former Soviet Union unemployed. The capitalist reforms culminated in a recession more severe than the US and Germany had experienced during the Great Depression.

The aftermath of the Cold War continues to influence world affairs. After the dissolution of the Soviet Union, the post–Cold War world is widely considered as unipolar, with the United States the sole remaining superpower. The Cold War defined the political role of the United States in the post–World War II world: by 1989 the US held military alliances with 50 countries, and had 526,000 troops posted abroad in dozens of countries, with 326,000 in Europe (two-thirds of which in west Germany) and about 130,000 in Asia (mainly Japan and South Korea). The Cold War also marked the apex of peacetime military-industrial complexes, especially in the USA, and large-scale military funding of science. These complexes, though their origins may be found as early as the 19th century, have grown considerably during the Cold War. The military-industrial complexes have great impact on their countries and help shape their society, policy and foreign relations.

Military expenditures by the US during the Cold War years were estimated to have been $8 trillion, while nearly 100,000 Americans lost their lives in the Korean War and Vietnam War. Although the loss of life among Soviet soldiers is difficult to estimate, as a share of their gross national product the financial cost for the Soviet Union was far higher than that incurred by the United States.

In addition to the loss of life by uniformed soldiers, millions died in the superpowers' proxy wars around the globe, most notably in Southeast Asia. Most of the proxy wars and subsidies for local conflicts ended along with the Cold War; interstate wars, ethnic wars, revolutionary wars, as well as refugee and displaced persons crises have declined sharply in the post–Cold War years.

The aftermath of Cold War conflict, however, is not always easily erased, as many of the economic and social tensions that were exploited to fuel Cold War competition in parts of the Third World remain acute. The breakdown of state control in a number of areas formerly ruled by Communist governments has produced new civil and ethnic conflicts, particularly in the former Yugoslavia. In Eastern Europe, the end of the Cold War has ushered in an era of economic growth and an increase in the number of liberal democracies, while in other parts of the world, such as Afghanistan, independence was accompanied by state failure.