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The Ukraine War and economic recession

The Ukraine War and economic recession

Coulson-Thomas, Colin (2023) The Ukraine War and economic recession. Politieconomy (The International Research Journal of Political Economy), 8. pp. 29-41. ISSN 2348-3091

41526_COULSON THOMAS_The_Ukraine_War_and_Economic_Recession.pdf - Accepted Version

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Globalisation and interdependence create vulnerabilities and a European war has international consequences. Russia’s invasion of Ukraine has created food and energy crises, disrupted trade relationships, fuelled inflation, lowered expected growth rates, triggered recessions and com-pounded the economic damage, fragility and disruption caused by a global pandemic. Resulting rearmament programmes increase pressure on natural capital and divert attention, capabilities and resources from priorities such as climate adaptation and mitigation. Divisions between democracies and authoritarian regimes have widened when collaboration and collective responses are needed to address existential threats. Economic recession presents opportunities as well as challenges. It could be beneficial if it results in responsible innovation and changes of purpose and priorities that support necessary transition to more sustainable and inclusive activities, infrastructures and lifestyles while there is still time.

Item Type: Article
Additional Information: The Politieconomy is published by SRISIIM Research Press.
Uncontrolled Keywords: Ukraine crisis; globalisation; recession; nationalism; critical thinking; innovation
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Faculty / School / Research Centre / Research Group: Faculty of Business
Faculty of Business > Centre for Work and Employment Research (CREW)
Faculty of Business > Centre for Work and Employment Research (CREW) > Leadership & Organisational Behaviour Research Group (LOB)
Faculty of Business > Department of Systems Management & Strategy
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Last Modified: 24 Apr 2023 10:04

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