Effect of collapse of Soviet Union:
1. It meant the end of Cold War confrontations:-This end meant end of arms race and possible new peace.
2. The power relations in world politics changed: The end of the Cold War left open only two possibilities: either the remaining superpower would dominate and create a unipolar system, or different countries or groups of countries could become important players in the international system.
3. Emergence of many new countries: This led to emergence of national aspirations of these countries.
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