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USA Cutting Military Aid to NATO – UPSC Current Affairs | Civil Service Info Free UPSC Notes & Analysis at civilserviceinfo.com Civil Service Info UPSC · CGPSC · State PSC · UGC-NET Prelims GS-2 Mains GS-2 Current Affairs 🌍 International Relations · June 2026 USA to Cut Fighter Jets & Warships from NATO in Europe — What Does It Mean? Explained in simple language for Class 12 students and UPSC beginners. No jargon, just clarity. June 13, 2026 5 min read GS Paper 2 — International Relations 🔍 In One Line The United States is planning to reduce the number of its military assets — fighter jets, warships, submarines, and aircraft carriers — that it keeps in Europe as part of the NATO alliance. This was reported by The New York Times on June 12, 2026. 1 First, What is NATO? (Think o...

The article provided, written by Shashi Tharoor, discusses the decline of the Washington Consensus (WC)—a set of neoliberal economic policies that dominated global development for decades—and the emergence of a more fragmented, "post-Washington" era. The Washington Consensus: From Orthodoxy to Obsolescence 1. What was the Washington Consensus? Coined in 1989, the WC refers to 10 economic policy prescriptions promoted by the IMF and World Bank for developing countries in crisis. Its core mantra was "Liberalise, Privatise, and Deregulate."  * Key Pillars : Fiscal discipline, tax reform, trade liberalization, openness to Foreign Direct Investment (FDI), and privatization of state enterprises.  * The Goal : To trigger growth through "trickle-down" economics and market efficiency. 2. Why did it fail? The article argues that the WC was a "one-size-fits-all" remedy applied without regard for local contexts.  * Systemic Shocks : It led to des...