Foreign Policy (March 10)
“Putin’s war could save the global economic order. In this crisis, Western countries have shaken off decades of economic policy lethargy.” Though “the short-term economic costs will be steep, the conflict might end up being the savior of the global economic order.”
Tags: Conflict, Costs, Global economic order. Crisis, Lethargy, Policy, Putin, Savior, Short term, War, Western countries
Oil Price (March 10)
“While no one can say for certain what the trajectory of the Russian-Ukrainian conflict will be, the economic warfare that is going on alongside it is very likely to destroy the current global trading system.” A fix could take a while. It took roughly 75 years to regain “stability” and “interconnection,” after the “worldwide trading system” was last destroyed with the outbreak of World War 1.
Tags: Conflict, Destroy, Economic warfare, Global trading system, Interconnection, Russian-Ukrainian, Stability, Trajectory, WWI
