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How the Russia-Ukraine Conflict Alter the Global Economy

In: Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

Author

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  • Lichen Ma

    (The Affiliated High School of Peking University)

Abstract

In February 2022, the Russia-Ukraine war, which has drawn significant attention from all sides of the world, officially started. Some people think the war is a “personal feud” between Russia and Ukraine over Donetsk and Luhansk regions, but behind it is a great power game with the United States and Russia at the core. This excellent power game is closely related to the process of economic globalization. This paper will demonstrate the impact of the Russia-Ukraine war on today’s world from three aspects: the food problem caused by the war, the shortage of crude oil, and the sanctions against Russia.

Suggested Citation

  • Lichen Ma, 2023. "How the Russia-Ukraine Conflict Alter the Global Economy," Advances in Economics, Business and Management Research, in: Yushi Jiang & Guangming Li & Wilson Xinbao Li (ed.), Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023), pages 186-195, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-142-5_21
    DOI: 10.2991/978-94-6463-142-5_21
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