Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/307011 
Year of Publication: 
2022
Citation: 
[Journal:] Asian Business & Management [ISSN:] 1476-9328 [Volume:] 21 [Issue:] 4 [Publisher:] Springer Nature [Place:] Berlin [Year:] 2022 [Pages:] 483-487
Publisher: 
Springer Nature, Berlin
Abstract: 
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.
Subjects: 
Geopolitics
Russian war
Sanctions
De-globalization
Business climate
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.