What were the effects of disintegration of USSR ?

(i) End of Cold War confrontations: With the collapse of the Soviet Union, the ideological dispute that socialism was better than capitalism or vice versa was over. As a result of it, the arms race too came to an end.

(ii) Change in power relations: The US became the sole superpower. Capitalist economy was now the dominant economic system internationally. World Bank and International Monetary Fund became powerful advisors to countries since they gave loans for their transition to capitalism.

(iii) Emergence of many new countries: Some new countries emerged on the international scene. The Baltic and East European states wanted to join the European Union. They became part of North Atlantic Treaty Organisation. Thus, many new states emerged, each with its own identity, interests and economic and political problems.