Source: Foreign Policy Journal
February 22, 2010
[M. Shahid Alam is professor of economics at Northeastern University, Boston. He is author of Poverty from the Wealth of Nations (Macmillan, 2000), Challenging the New Orientalism (IPI, 2006), and Israeli Exceptionalism (Palgrave, 2009).]
During the Cold War, the USA and USSR were arch-rivals, each the antipodes of the other. For some four decades, they battled each other for ‘survival’ and global hegemony, staring down at each other with nuclear tipped missiles, ready at the push o