Long-term business implications of Russia’s war in Ukraine

Markus, Stanislav

Long-term business implications of Russia’s war in Ukraine

Dateien

Markus_2-1l7m96vhgzk968.pdfGröße: 386.36 KBDownloads: 70

Datum

2022

Autor:innen

Markus, Stanislav

Open Access-Veröffentlichung

Open Access Hybrid

Sammlungen

Exzellenzcluster "Die politische Dimension von Ungleichheit"

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Asian Business & Management. Springer. 2022, 21(4), pp. 483-487. ISSN 1472-4782. eISSN 1476-9328. Available under: doi: 10.1057/s41291-022-00181-7

Zusammenfassung

Following its invasion of Ukraine, Russia’s macroeconomic stability will worsen; foreign trade and Russia-bound investment will dry up; and human capital will become scarce. Russia will not fully compensate these losses with increased economic engagement with China, with particular deficiencies likely in high-tech areas for Russia. Import substitution is also unlikely to allow Russia to innovate its way out of economic isolation or escape the resource curse. As Kremlin-connected elites further dominate the impoverished economy, crony state capitalism and kleptocracy will rise. The global repercussions of Russia’s war will include commodity shocks and the attendant supply chain disruptions and inflationary pressures. In terms of FDI, the global industries in energy, auto, and consumer goods will be particularly affected. The loss of the Russian market will be less critical to sales revenues. Structurally, Russia’s forced decoupling from the global economy may lead to the fragmentation of global financial infrastructure and the formation of economically contained blocks.

Fachgebiet (DDC)

320 Politik

Schlagwörter

Geopolitics, Russian war, Sanctions, De-globalization, Business climate

Zitieren

ISO 690

MARKUS, Stanislav, 2022. Long-term business implications of Russia’s war in Ukraine. In: Asian Business & Management. Springer. 2022, 21(4), pp. 483-487. ISSN 1472-4782. eISSN 1476-9328. Available under: doi: 10.1057/s41291-022-00181-7

BibTex

@article{Markus2022-09Longt-57840,
  year={2022},
  doi={10.1057/s41291-022-00181-7},
  title={Long-term business implications of Russia’s war in Ukraine},
  number={4},
  volume={21},
  issn={1472-4782},
  journal={Asian Business & Management},
  pages={483--487},
  author={Markus, Stanislav}
}

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