The Contemporary World

• Globalization intensifies the interconnection of countries in the world
• The highest decision-making body of the United Nations is the Security Council
• NATO is the multilateral military agreement of countries in North America and Europe
• The current UN Secretary General is Antonio Guterres
• During the Cold War, the USSR challenged the supremacy of the US
• The Bretton Woods Conference offered solutions to economic problems after the Second World War
• The Treaty of Versailles ended World War 1
• The World Bank aims to eradicate poverty
• The US Dollar is the international currency resulting from the Bretton Woods Conference
• The Trusteeship Council is the UN organ designed to help newly independent countries
• Francis Fukuyama is the author of the book "The End of History"
• The Treaty of Potsdam ended World War 2
• Hyper-Globalists believe that globalization has a positive impact on the world economy
• According to Samuel S. Huntington, the source of conflict in the modern world is culture
• Mikhail Gorbachev was the leader of the USSR during its disintegration in the 1990s
• Karl Marx is known as the father of communism
• The UN Declaration was signed on October 24, 1945
• Ngozi Okonjo-Iweala is the current Secretary-General of the World Trade Organization and the first African to hold the position
• Skeptics believe that globalization has only had a negative impact on different countries
• Jens Stoltenberg is the General Secretary of NATO
• The International Court of Justice settles territorial disputes between different countries
• East Timor is the newest member of ASEAN
• Perestroika was the policy of Mikhail Gorbachev that led to the disintegration of the USSR
• The 38th parallel is the basis of the division of Korea
• A floating currency regime is where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies
• Dr. Rebecca Fatima Sta. Maria is the Director of the Asia Pacific Economic Cooperation
• The IMF is considered the lender of last resort
• Neo-liberalism is an economic ideology that promotes the privatization of inefficient government-controlled and owned corporations
• Political ideology was the basis of the dichotomy in the world during the Cold War
• OPEC is the organization that regulates petroleum trading worldwide
• Vladimir Putin ordered the launch of the Special Military Operation against Ukraine
• UNCLOS is the international law used by the Philippines to claim the country's rights in the exclusive economic zone
• Carlos P. Romulo was the first Asian to become the chairman of the non-permanent members of the UN Security Council
• Britain withdrew its membership from the European Union
• Norway had the highest Human Development Index in the world as reported by UNDF in 2019
• Somalia had the lowest Human Development Index in the world as reported by UNDF in 2019
• The Secretariat is the UN organ organized along departmental lines, with each department or office having a distinct area of action and responsibility
• The UN Conference on Sustainable Development in Rio de Janeiro was entitled "The Future We Want"
• COP 27 is the world's largest corporate sustainability initiative, aiming to accelerate private sector action to prevent the worst impacts of the climate crisis
• The headquarters of the International Court of Justice is in The Hague