Abstract
The post-World War period witnessed at least three major reallocations of Global system - in tern ns of military balance, economic viability and international iialue system. The first phase lasted from 1949 to 1990; the second from 1990 to September 11, 2001 and the third started with the events of 9/11, 2001 and is expected to continue in the' projected future, The era that we purpose .to represent falls within the preview of the first phase of the post-Second World War. We would deal with a time-lrame (1971-1975) in particular, as that was the moment where the nations of the Gulf region attained significance in tF international monetary as well as security systems. The Gulf region emerged with a tremendous ability to influence the international markets as witnessed by the oil embargo of 1974 and the security related interests that outside powers expressed towards the developments of that region, became a focus of interest and investigation for the keen observers of the regional affairs. A stiff ronte'st took place between the United States and the Soviet Unioti - the two super powers of the cold-war era.
Syed Farooq Hasnat, Tahmina Rashid . (2003) SHIFTING POWER BALANCE IN THE GULF: AN APPRAISAL OF THE MAJOR POWERS' MANOEUVRES , Journal of Research ( Humanities), Vol XXXVIII, Issue 1.
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