| Summary/Abstract |
In the era of intense Trade War between various world powers, use of multinational forces (even without UN sanction), Proxy war by nations using irregulars, use of terrorists supported by militaries, terrorism, information warfare (including perception management, cyber attacks, and use of media including social media), military posturing through military exercises, expansion of military bases, diplomatic pressures and technological threats, there is a need to give a fresh look at the definitions of War, World War, Cold War and analyse if we have already entered the Third World War or otherwise. It may well happen that because of mutually destructive capabilities of a large number of powers, the full scale, declared World War like First or Second World Wars between combat forces may not occur, as it will be economically devastating for all major powers, as none of them can afford it. The military hardware (including nuclear weapons) however will continue to grow as an instrument for deterrence, as well as trade.
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