Question

Consider the following pairs: Which of the pairs given are correctly matched?

1. NATO - Capitalism
2. SEATO - Communism
3. NAM - Neo Colonialism
4. AUTARKY - International Trade

• A. None of these
• B. i, iii
• C. i only
• D. iii only

Answer 1

Answer:

C. i only

NATO (North Atlantic Treaty Organization)

• NATO was formed in 1949 at the beginning of the Cold War as an alliance of U.S.-led Western states
• It was formed to counter the Soviet Union-led Eastern Bloc.
• NATO had a purpose to secure US capitalist dominance over the world order
• It also aimed to prevent the Soviet Union and communism from projecting power in Europe and beyond.

Southeast Asian Treaty Organization (SEATO)

• An organization formed with the aim of eradicating the status quo egalitarianism prevalent in Southeast Asia.
• SEATO was formed in Manila in 1954.
• From 1955 SEATO's headquarters were moved to Bangkok.
• SEATO gradually lost its importance due to constant internal problems.
• SEATO was disbanded on 30 June 1977 due to lack of interest and non-cooperation by member states.

The Non-Aligned Movement (NAM)

• The Non-Aligned Movement (NAM) is a political and diplomatic group of countries that are not formally aligned with any major power bloc during the Cold War.
• It was founded in 1961 as a response to the polarization of the world into two superpower blocs: the United States-led Western bloc (NATO) and the Soviet Union-led Eastern bloc (Warsaw Pact)
• The NAM is built on the principles of non-alignment, sovereignty, and independence. Member states assert their right to determine their own foreign policy and avoid alignment with any major power blocs or military alliances.

AUTARKY

• An autarky is a nation with economic self-sufficiency that does not participate in any form of globalization.
• Autarkic nations practice self-reliance, depending on no other countries for trade and mobilizing their economic growth.