A warning from the Russian–Ukrainian war: avoiding a future that rhymes with the past

Sergio Mariotti

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2022, vol. 49, issue 4, No 6, 782 pages

Abstract: Abstract The Russian–Ukrainian war is a dramatic effect of the growing imbalances and instability of the global economic and political order, together with other effects that this contribution analyzes. This paper in fact offers empirical evidence of a rampant “global protectionism”, the slowdown of the world’s economy in the long term, and the changing structure of global value chains. The paper also seeks to link these manifestations together in a historical perspective, considering the results of previous studies that adopted the comparative historical approach. Although there are profound differences between today’s globalized economy and its historical equivalents, learning from the past should not be precluded, as it can help avoid dangerous paths from being followed that could lead to universally undesired outcomes in the future. The aim of the paper is to open a discussion on the criteria that are needed to inform and develop an economic and industrial policy that is aware of the seriousness of future risks and capable of facing such risks with the necessary wisdom, through the concerted support of the major countries, and through international inter-state collaboration.

Keywords: De-globalization; Economic nationalism; Global protectionism; Global value chains; Russia–Ukraine war; World interdependencies (search for similar items in EconPapers)
JEL-codes: F10 F20 F50 F60 N40 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (15)

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DOI: 10.1007/s40812-022-00219-z

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