The Ukraine War's Multifaceted Economic Fallout

The Ukraine War's Multifaceted Economic Fallout

Sergei Karpukhin/TASS via Getty Images

Mohamed A. El-Erian
Project Syndicate, 2022
Level: leicht
Perspektive: Neoklassik
Thema: Globalisierung & internationale ökonomische Beziehungen, Makroökonomik, Geld & Schulden, Nord-Süd-Beziehungen & Entwicklung, Ressourcen, Umwelt & Klima
Format: Blog & Zeitungsbeitrag
Link: https://www.project-syndicate.org/commentary/economic-policy-response-to-ukraine-war-by-mohamed-a-el-erian-2022-03

The article demonstrates that by their very nature, the economic sanctions levelled by Western and other countries against Russia inevitably will create adverse economic effects for the rest of the global economy, too. That does not only pertain to exploding energy as well as commodity prices, creating a stagflationary setting in industrialised countries; it will probably also entail debt restructurings in emerging countries negatively affected by tightening financial conditions.

Comment from our editors:

Mohamed El-Erian is one of the most astute analysts of macroeconomic developments in the world economy. His differentiation between direct, blowback, spillover, and systemic negative consequences of Western sanctions against Russia made here is very helpful to discern what economic fallout will probably follow from this war short, medium and long-term throughout the global economy. Financial sanctions, after all, are weapons potentially creating massive collateral damage, too.

Go to: The Ukraine War's Multifaceted Economic Fallout

This material has been suggested and edited by:

Frederick Heussner
Tags: development | finance | trade | war in Ukraine
The 2022 FIFA World Cup (including the construction work required for it) provides a clear example of economic activity that has taken place despite the financial costs to the Qatari state being an order of magnitude larger than the financial benefits it will receive. Whilst this is a fairly extreme case in terms of how many different costs and benefits are involved and how unequally they have been spread, many economic decisions are more complicated than mere financial calculations and it is therefore vital for students to be able to think about multiple dimensions involved in economic decisions.
2023
Level: leicht
The Economics of a World Cup in Qatar
Economy Studies
Economy Studies
Cet entretien donne la parole à J.-F. Ponsot et V. Monvoisin, deux des coordinateurs de l'ouvrage "L'économie post-keynésienne. Histoire, théories et politiques" (Seuil, 2018), premier ouvrage de référence sur le post-keynésianisme paru en français. Les interviewés reviennent sur les fondements théoriques du courant du post-keynésianisme et ses apports principaux. Ils proposent ensuite une lecture sous l'angle post-keynésien de la politique monétaire non-conventionnelle de la Banque Centrale Européenne, du concept de revenu universel, de la monnaie européenne, et des politiques économiques françaises et européennes en général. Enfin, ils analysent la difficulté du pluralisme économique dans le champ de la recherche française et reviennent sur les récentes évolutions de l'économie standard, notamment le succès de l'économie expérimentale. Des liens vers des recensions de l'ouvrage sont disponibles sur le site de Médiapart : https://blogs.mediapart.fr/jean-marc-b/blog/010119/l-economie-post-keynesienne-histoire-theories-et-politiques ainsi que sur le site des Economistes Atterrés : http://www.atterres.org/livre/l%C3%A9conomie-post-keyn%C3%A9sienne .
2018
Level: mittel
Le post-keynésianisme, un courant encore trop méconnu en France - Entretien avec J.-F. Ponsot et V. Monvoisin
Raphaël Merle, Jean-François Ponsot et Virginie Monvoisin
Le vent se lève
Die Notwendigkeit von Suffizienz als komplementärer Rahmen für Effizienz- und Konsistenzstrategien wird zunehmend anerkannt – die Rolle von Unternehmen in diesem Prozess jedoch meistens ausgeblendet.
Level: leicht
Die Quadratur des Kreislaufs
 
Economists for Future
A short film that questions the current state of the economy with thought-provoking sequences and takes a look into the past how the present understanding of the economy came to be.
2018
Level: leicht
Economy is care
Author: Ina Praetorius (WiC - Wirtschaft ist Care) Producer: Hans Jörg Fehle Realisator: Sergio Herencias, Andreas Tanner and others
https://www.economy-is-care.com
In kaum einem anderen Bereich stehen kurzfristige, private Interessen so stark im Konflikt mit langfristigen, gesellschaftlichen Interessen wie in der Autoindustrie. Wie könnte diese Diskrepanz langfristig verringert werden?
2021
Level: leicht
Die Autoindustrie demokratisieren?
Vincent Janz, Lukas Warning und Max Wilken
Economist for Future
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: leicht
The EU’s geo-economic revolution
Jonathan Hackenbroich
European Council of Foreign Relations

Spenden

Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

Spenden