ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Economic Roots of Conflict in New World Order

World Order Sharat G Lin The global economic crisis has toppled governments and shattered nations in the east, given rise to a popular backlash for change in the west, and provided a new geopolitical context for international conflict in the 1990s and into the 21st century. The war in the Persian-Arabian Gulf was a case in point, for it was less the result of a failure of international diplomacy than a deliberate strategy of the US government to exacerbate a crisis as a pretext for intervention. At stake were not merely the price of oil, human rights, or military victory Of far more fundamental importance were, and still are, the sustained recycling of petrodollars into the western industrialised states, support for faltering US economic and financial dominance, and reassert ion of US military and political hegemony in the wake of the collapse of the Soviet Union as a countervailing superpower This retrogression to colonial-style armed force signals a new era in which the only regaining superpower will seek to enforce by any means necessary its economic centrality and political pre-eminence in the face of underlying economic weakness.

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