Challenged global economics amid conflict in warring countries

Ana Tsutsunashvili · Alba Yela Aránega · Raúl Castaño Urueña

13 citations0/0 files storedSustainable Technology and Entrepreneurship

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Economic Issues in Ukraine COVID-19 Pandemic Impacts Economic and Technological Developments in Russia

Abstract

This research delves into the multifaceted challenges posed to society and regional development in the wake of Russia's invasion of Ukraine, with a specific focus on the period spanning from February 2022 to February 2023 as a response to the social and entrepreneurial threats that have appeared due to the conflict. In addition, this research seeks not only to alleviate prevailing uncertainties but also to facilitate a comprehensive understanding of the economic landscape by identifying causal factors and providing a relevant contextual framework for the threats to society and regional development in the aftermath of Russia's invasion of Ukraine, which affects sustainability both economically and socially. These disruptions have given rise to unprecedented uncertainties that could potentially trigger an irreversible cascade of shortages, leading to escalating costs of critical or irreplaceable products that directly affect regional development. This paper scrutinizes this intricate process, aiming to discern underlying patterns and mitigate the prevailing uncertainty—a state that challenges rational decision-making. In this pursuit, established economic theories are deployed to provide comprehensive insights into the evolving reality. Through an in-depth analysis of the interplay between the Covid-19 pandemic, the ensuing economic crisis, and the ramifications of the Ukraine-Russia conflict, this research reveals a stark decline in economic growth. In addition, the present study explores potential solutions, emphasizing the importance of enhancing workforce skills through meticulously designed educational strategies and promoting gender diversity in science, technology, engineering and mathematics (STEM) programs.

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2006Set Relations in Social Research: Evaluating Their Consistency and Coverage 1996Abrir las ciencias sociales 2022The impact of Russia-Ukraine conflict on global food security 2022Russian-Ukraine 2022 War: A Review of the Economic Impact of Russian-Ukraine Crisis on the USA, UK, Canada, and Europe 2015Abrir las ciencias sociales 2021The early impacts of the COVID-19 pandemic on business sales 2021The relationship between social entrepreneurship and sustainable development from economic growth perspective: 15 ‘RCEP’ countries 2023Are the European Union stock markets vulnerable to the Russia–Ukraine war?

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