After WW2 the world was split into 3 categories: first world (Western nations), second world (the Eastern bloc) and third world (everyone else)
America and the USSR both vyed and destabilised a lot of nations to solidify their place as super powers, America gained its power from the British when its economy shifted to war production to support them.
America made a lot of smart moves, like establishing the IMF so the US Dollar is used for international trade, and America has historically honoured all debts through the IMF.
So lots of nations had to kowtow to America to an extent if they wanted to have decent international trade.
Under Trump America is giving up its soft power for isolationism, and you can see a large portion of the world trying to shift away from Americas system through things like BRICS or incentivising different energy systems instead of oil
There is a lot more to this, but I think that’s at least a start to your question
After WW2 the world was split into 3 categories: first world (Western nations), second world (the Eastern bloc) and third world (everyone else)
America and the USSR both vyed and destabilised a lot of nations to solidify their place as super powers, America gained its power from the British when its economy shifted to war production to support them.
America made a lot of smart moves, like establishing the IMF so the US Dollar is used for international trade, and America has historically honoured all debts through the IMF.
So lots of nations had to kowtow to America to an extent if they wanted to have decent international trade.
Under Trump America is giving up its soft power for isolationism, and you can see a large portion of the world trying to shift away from Americas system through things like BRICS or incentivising different energy systems instead of oil
There is a lot more to this, but I think that’s at least a start to your question