Introduction The end of World War II did not bring world peace it has so long strived to reach. Instead, it gave birth to the new conflict between the two global superpowers that emerged in the course of the Second World War – the United States of America and the Soviet Union 1 . Even though it was not open and there were no overt military actions, the rest of the world felt constant pressure and robust impact of this confrontation for almost five decades. The ideological differences between the West in the face of the United States and the East represented by the Soviet Union and their aggressive desire to become more influential, dictate the policy and run the development of the international relations led to breaking the world into two opposing camps. It resulted in the emergence of the bipolar world that had a strong impact on the ongoing evolution of foreign affairs. This paper looks at the primary reasons that led to the rise of the bipolar system in the world. It then focuses on the evolution of the bipolarity and describes the key developments that proved its existence. Later, the paper draws the key arguments that prove that this kind of international interaction had a robust effect on the development of the global environment. It demonstrates that the consequences of the bipolarity and the Cold War emerging from it were not positive because the world felt constant pressure resulting from the confrontation between the United States of America and the Soviet Union and lived in the fear of the potential outburst of the Third World War. However, it also stresses on some positive effects of the bipolar system of international relations. Finally, the paper shows what are the outcomes of the existence of the bipolar world for modern developments in the global arena. The genesis of the bipolarity of the world Bipolarity is the phenomenon emerging from the confrontation between the United States of America and the Soviet Union that started in the course of the Second World War. It grew even stronger after the end of the war and during the next five decades having an impact on the evolution of the global system. The specific feature of bipolarity is the existence of two global superpowers that already have their spheres of influence defined by their positions gained as the result of some globally significant event – the Second World War. What is significant is that they strive for broadening this spheres and becoming more influential by increasing their power by gaining more states supporting their ideologies or drawing them from the opposing camp. It should be stressed that imposing the ideology and gaining more influence is not always reached through peaceful means such as propaganda and promising bright future; it is sometimes achieved through terror and aggression, thus becomes a forced decision. The genesis of the bipolar world system lies in the desire of the United States to promote the principles of capitalism and democracy, on the one side, and the Soviet Union to make more countries live according to the postulates of communism, on the other 2 . Among other features of the bipolarity are the race in developing nuclear weapons and the potential of the military hardware 3 . So, these were the division of the spheres of influence and the race of n