Abstract
Looking back over the 70 years since Chatham House's foundation, Peter Calvocoressi assesses the differences and continuities between the world of 1920 and that of 1990. He writes that nuclear weapons and postwar decolonization have both contributed to the rise of economic strength and the decline of military means as a measure of power. The report of Europe's decline appears to have been an exaggeration, but the balance of power on the continent is still all-important. Now the old imbalance-German domination of central and eastern Europe-has once again replaced the postwar Russian one. With the abatement of the Cold War and the dissolution of bipolarity, the flux of international politics is back.
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