Peace Between Russia and China
In March 1969, there was a violent military confrontation between Russia and China. Many thought a major war would result; it didn’t. As both countries began to develop, each became more aware of the value of the other. Both countries are seeking foreign direct investment (FDI), advanced technologies, and expertise that they need to grow their economies. They cannot attract any of those by being at war with each other. Globalization is helping to promote peace between countries that were once threatened by war.