The Ukraine War Is Reshaping Development
However the conflict in Eastern Europe unfolds, it seems clear that countries will have to give national security a far more prominent position in their development agendas. This means not only increasing defense spending, but also diversifying energy and food sources – and preparing for global economic fragmentation.
https://prosyn.org/C89b6ze
HONG KONG – The global economic recovery from the COVID-19 pandemic was always fragile, especially in the developing world. With Russia’s disastrous war in Ukraine, it has been all but shattered. But the invasion’s immediate consequences are just the beginning. In a world yet again defined by great-power conflict, countries will have to rethink their approach to development.