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War in Ukraine

Understandably most attention regarding the War in Ukraine is focused on the fighting taking place and the associated suffering. Nevertheless, beyond the concrete manifestations of violence, the War in Ukraine is also embedded in a complex web of global economic relations. This includes contextual factors such as the historical trajectories of post-socialist transformation or the general context of multiple crises in global capitalism. The economic embeddedness of the war also manifests in concrete repercussions such as the sanctions regime levelled against Russia or commodity price hikes and associated shortages in food and energy. Taken together current events might be foreshadowing more fundamental changes in the structure of the global economy including an acceleration of deglobalization or a potential loss of the dollar’s reserve currency role. Given the high degree of complexity and the dynamic pace of events, it is helpful to approach the War in Ukraine from a perspective of pluralist economics, thus aggregating analyses from multiple perspectives including political economy, macro-finance and ecological economics.

 

2022
Level: beginner
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war.
2022
Level: advanced
Study of the German Council of Economic Experts on the potential economic effects of a comprehensive energy embargo against Russia
2022
Level: beginner
In this article, Hannah Ritchie presents the data we need to understand the scale of their contribution, and which countries are most reliant on Ukraine for their food supplies.
2022
Level: beginner
Wheat and oil prices were already rising before the Russian invasion, so what might be the effect for people in low-income countries of a war far away, that may have a secondary impact much closer to home? In this short video, Rabah Arezki Chief Economist & Vice President, African Development …
2022
Level: advanced
This article by Rüdiger Bachmann et.al. discusses the economic effects of a potential cut-off of the German economy from Russian energy imports.
2022
Level: advanced
"Yuliya Yurchenko is a senior lecturer and researcher in political economy at University of Greenwich. She is currently in Ukraine on an extraordinary leave. And while she writes that she is, for the moment, in relative safety, that could change any moment. Being a Ukrainian, an activist and an academic, …
2022
Level: beginner
Drawing on Gramsci's Marxist Political Economy, Mike Davis situates the War in Ukraine within the general condition of a crisis of capitalist hegemony. The key argument is that the pathological and violent situation that we are finding ourselves in today is an expression of the inability of both global ruling …
2022
Level: beginner
This note, by Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, and Gabriel Zucman, provides data on wealth inequality in Russia and advocates for a European Asset Registry.
2022
Level: beginner
In this short essay, Jayati Ghosh gives an overview over the multiple ways in which the economic "fall-out" of the War in Ukraine is hitting economies and societies in the developing world.
2022
Level: beginner
The article reviews the effects that the War in Ukraine will have for the global economy.
2022
Level: beginner
In this interview Ilya Matveev discusses the social, political, economic, and ideological foundations of the Russian regime, to provide additional context about Russia’s geopolitical goals.
2022
Level: beginner
Is the Cold War division back with the US-EU on the one and China-Russia on the other side? The article argues that things are more complicated, as each of the country (compounds) has economic and political ties outside of its power bloc. It reads the Chinese reactions to the Russian …
2022
Level: beginner
The article by the European Council of Foreign Relations argues that Europe's economic actions in response to the Russian invasion into Urkaine have been decisive, different from the EU's external image, but that this response should yet be better institutionalized. The author Hackenbroich proposes an Anti-Coercion Instrument on the EU …
2022
Level: beginner
Cédric Durand locates the Russian War on Ukraine in relation to Russian Economic Development and Political Economy after the collapse of the soviet union.
2015
Level: advanced
In this piece Alexander Kravchuk gives an overview over the history of dept dependency in Ukraine, highlighting especially the role of international creditors and the negative socio-economic impacts of debt dependency for the Ukrainian economy.
2022
Level: beginner
"Alexander Kravchuk is an economist and editor at Commons: Journal for Social Criticims, who has previously written about IMF conditions on loans to Ukraine. Jacobin’s David Broder asked him about the country’s economic situation and why debt cancellation is important if Ukrainians are to be able to shape their future." (quote from the interview)
2022
Level: beginner
The article discusses whether the turning point in EU's Russia policy with sanctions aimed directly at Putin's war chest of foreign reserves will change the landscape of countries' foreign assets.
2022
Level: beginner
This video provides key insights into the functioning of Western sanctions imposed on Russia due to the current Ukrainian conflict.
2022
Level: advanced
Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency
2022
Level: advanced
This episode from Odd Lost podcast with financial analyst Zoltan Pozsar features a discussion on the potential long-term financial effects of the Ukraine-Crisis on dollar and the global currency system centered around it.
2022
Level: beginner
The article summarizes the effects that the war in Ukraine, the resulting economic sanctions as well as associated financial turbulences have for cryptocurrencies and their role in the global financial system.
2021
Level: advanced
The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions.
2022
Level: beginner
The historian Nicholas Mulder talks about the Western sanctions against Russia in the context of the Ukraine Crisis. He explains that the current sanctions are unprecedented in terms of size, speed and scope, expected consequences as well as potential drawbacks and problems.

 

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