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The major transmission in the world politics took place after World war II, the collapse of the Soviet Union, East European countries and many other socialist countries had reflected changes in world politics.
This changes in the disintegration of world politics have started after world war II in which the US started becoming the supreme power in the world. Also the institution such as the IMF (International Monetary Fund), World Bank etc. also started becoming the power advisors to all the developing and developed countries. They were fully influenced by the US hegemony and capitalist economy was the dominant economic system internationally. Therefore when the supreme powers and ideology of the world politics changed then the international agencies such as World Bank and IMF ideas also changed.
At the end of the Cold war period, the US became the supreme power in the world. Because of this capitalist economy was the dominant economy in the world, therefore, the IMF and World Bank were also influenced. The World Bank was supposed to advise and provide Aid to the countries in which they are in need off.
Because of this control, the world bank and IMF gave other countries loan on the contrast to transit to capitalism. This was such a forceful adoption by the international agencies to most of the socialist countries.
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