Contemporary Centers of Power
Jharkhand Board · Class 12 · Political Science
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The European Union (EU)
- Founded after WWII to prevent European conflicts and promote cooperation
- Marshall Plan (1948) provided US financial aid for European economic recovery
- European Economic Community established in 1957, evolved into EU in 1992
Association of Southeast Asian Nations (ASEAN)
- Established in 1967 by 5 countries through Bangkok Declaration
- Original members: Indonesia, Malaysia, Philippines, Singapore, Thailand
- Now has 10 members after expansion to include Brunei, Vietnam, Laos, Myanmar, Cambodia
China as Rising Power
- Fastest growing economy since 1978 reforms under Deng Xiaoping
- Projected to overtake US as world's largest economy by 2040
- Transitioned from Soviet-model economy to market-oriented system
India-China Relations
- Historical lack of interaction between the two ancient civilizations
- Brief period of friendship with 'Hindi-Chini bhai-bhai' slogan
- 1962 border conflict over Arunachal Pradesh and Aksai Chin damaged relations
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