Bojcun, Marko (2011) Impact of the Global Financial Crisis on Russia, Ukraine and Belarus. Global Policy Institute policy paper (18). pp. 2-7.
GPI policy paper no.18.pdf - Published Version
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Russia, Ukraine and Belarus lie geographically and geo-economically between the Atlantic core states and the Far East. They are attracted in two directions – by the capital rich Atlantic core, which seeks new locations for investment and by East Asia which wants these countries’ energy supplies, primary and semi processed goods. Thus it is understandable that the present global crisis should have appeared in these countries in the summer and autumn of 2008 first as a collapse of their external commodities markets located mainly in the East, followed quickly by the collapse of their external sources of credit from the West.
My task here is to examine how the present global crisis unfolded in
these three countries, what their common experience has been, and in what
measure it has been distinct for each of them. I don’t believe that the current
crisis is over, far from it. I’ll be looking mainly how at these countries
have faced the crisis and responded to it so far. All of them are now recovering in terms of GDP output, but insofar as this is a truly global crisis, no
one country, no region, let alone one that accounts for less than 2% of world
GDP1 can find a lasting solution to the problems the crisis has thrown up.
|Uncontrolled Keywords:||Global Policy Institute policy paper, GPI policy papers|
|Subjects:||300 Social sciences > 330 Economics|
|Department:||Guildhall School of Business and Law|
|Depositing User:||David Pester|
|Date Deposited:||16 Apr 2015 10:19|
|Last Modified:||16 Apr 2015 10:19|
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