The Influence of the Fragmentation of the World Economy on the Post-War Reconstruction of Ukraine

Oleksiy Plotnikov ()
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Oleksiy Plotnikov: NAS of Ukraine

A chapter in The Geoeconomics of the International Monetary Order, 2025, pp 71-91 from Springer

Abstract: Abstract The development of the world economy in the conditions of its transition from globalization to fragmentation is studied. Fragmentation has the potential to cause the division of the world into geopolitical blocks with their own technical standards, reserve currencies, and payment systems. It is established that the fragmentation of the world economy determines the development and new substance of the main global-level risks. Such risks include: risks of unpredictable global shocks; global warming risks; food and water security risks; social conflict risks. It is proven that the fragmentation of the global economy is intensified by Russia's large-scale aggression against Ukraine, due to which efforts are diverted from tackling the issues of the global economy, and the consequences of the war for the latter in short and medium run are negative. All this increases the destructive effect of fragmentation and makes it extremely problematic for the global economy to return to the previous decade’s level of globalization development. Conclusions are made regarding Ukraine’s economic development in the context of the risk aspect of world economy fragmentation. The factor of large-scale aggression against Ukraine leaves open a number of additional questions related to the end of hostilities, the post-war reconstruction of the national economy, the correlation of political and economic forces in the world after the end of the war, etc.

Keywords: World economy fragmentation; Globalization; World economy risks; Ukraine economy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-90851-4_3

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DOI: 10.1007/978-3-031-90851-4_3

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