“It did not herald the end of history. It did not lead to a new age of peace, prosperity and predictability in world affairs,” she noted.
“For some, the citizens of central and eastern Europe in particular, it brought new freedom. But across the world, ancient ethnic, religious and national rivalries that had been frozen through the decades of the cold war, returned.
New enemies of the West and our values, in particular in the form of radical Islamists, have emerged, as countries with little tradition of democracy, liberty and human rights, notably China and Russia, have grown more assertive in world affairs,” she said.
“The rise of the Asian economies — China, yes, but democratic allies like India too — is hugely welcomed.
Billions are being lifted out of poverty and new markets for our industries are opening up,” May said.