抄録
This article considers the relationship between the Gulf War and the Iraq War which symbolize the post Cold War period and the character of the American System. An important point that in the 1970's the Cold War system changed with the United States' influence over other countries starting to decline. During this process, American capitalism should have halted the decline and forced liberalization of the communication and finance industries of other countries and globalization. In the 1990's, American economy recovered with the emergence of the IT revolution and the so called "New Economy". This recovery resulted in a fiscal surplus. With this overwhelming power from a singular polar system, the United States controlled political and military affairs; and economic recovery encouraged reinforcement of American hegemony, and the push ahead with the"New War"; that is, the "War on Terrorism". However, the trade and current account deficit increased further and increased the instability of the dollar. American economic recovery by financial liberalization promoted international speculation; and increased the instability of the world economy. Globalization of countries has increased the gap between the rich and poor domestically and internationally. Furthermore, the dismantling of the welfare state has destroyed social integration. It may be said that the terrorism of 9/11 is the result of these changes.
