Since the advent of civilization and establishment of territorial boundaries, sovereign states have continually sought to extent their economic and political influence far and wide. Historically, global power relations were defined largely by military mighty. Nations with superior and more sophisticated weaponry conquered foreign territories, colonized them and exploited their natural resources for the advancement of their home economies.
However, after the devastation of “Little Boy” and “Fat Man” in Hiroshima and Nagasaki respectively in August 1945, the world was awakened to the vanity of pursuit of military prowess without humanity. Thus, since the turn of the second half of the 20th century, the economic mighty of a nation now defines their role in geo-political power relations.