THE IMPACT OF THE RUSSIAN- UKRAINE WAR ON INTERNATIONAL TRADE
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study was carried out to examine the impact of the russian- ukraine war on international trade. Specifically, the study examine the factors responsible for the Russian - Ukraine war. The study also evaluate the impact of the Russian-Ukraine war on European trade. Lastly, the study investigate the global prospect of the Russian - Ukraine war. The study adopted the historical analysis. The findings revealed that the global economic consequence of the invasion was a global supply chain disruption. This manifested through energy supply shocks, and trade supply shocks. It led to rising energy prices, rising commodity prices, and a rise in food prices, thereby leading to a rise in global inflation in many countries. The implication is that geopolitical conflicts tend to have spillover economic effects to other countries and that such conflicts do not have isolated effects on the sanctioned country. The Russian-Ukraine conflict has shown that sanctions against a warring country is not an optimal solution because it has spillover effects into other countries who are not part of the conflict, especially when the warring countries are trade partners of other countries who are not involved in the war. The study thereby recommend that Political leaders should put in effort to discourage conflicts like the Ukraine- Russia conflict, and should use negotiation as a conflict resolution tool. Future studies can assess whether conflict resolution through negotiations are very effective in pacifying countries that go to war to protect their regional influence.
Related Project Materials
THE ECONOMIC IMPLICATION OF INCREASING EXTERNAL DEBT LIABILITY IN NIGERIA
A HISTORICAL PERSPECTIVE OF NIGERIA’S EXTERNAL DEBT
The management of Nigeria’s external debt has been a maj...
An evaluation of regulatory environment adaptability on bank resilience in Nigeria: a case study of First Bank of Nigeria
Background of the Study
In an era marked by rapid economic and regulatory changes, the ability of banks t...
The Effect of Workload and Long Shifts on Nurses' Physical Health at University of Jos Teaching Hospital
Background of the Study
Nurses often work long hours and manage heavy workloads, which can adversely affect their physical health. Studie...
An Evaluation of the Relationship Between Interest Rates and Export Performance in Nigeria
Background of the Study
Export performance is vital for economic growth, impacting a country’s trade balance and ove...
THE EFFECT OF METHANOL RHIZOME EXTRACT OF Nymphaea lotus LINN. (NYMPHAEACEAE) IN ANIMAL MODELS OF DIARRHOEA
Abstract
Nymphaea lotus is one of the foremost aquatic macrophytes that have been identified in Nigerian fresh water bodies. It finds app...
THE IMPACT OF AN INVESTIGATION INTO THE PROBLEMS AND PROSPECTS OF RUNNING SEPARATE HOMES BY MARRIED COUPLES (A STUDY OF ORUMBA SOUTH LGA OF ANAMBRA STATE)
ABSTRACT
The main involvement of the study was an investigation into the problems and prospect of running separate homes...
The Effectiveness of Advertising in Encouraging the Consumption of Locally Made Products in Riyom LGA, Plateau State
Background of the Study
The promotion of locally made products is a crucial factor in fostering local economies, creating j...
An Investigation of Customer Satisfaction and Its Impact on Business Profitability: A Study of Hotels in Kwara State
Background of the Study
Customer satisfaction is a critical determinant of business success in the hospitality industry, wh...
FIRM AGE AND PROFITABILITY: EVIDENCE FROM NIGERIA
Abstract
This study sought to investigate firm Age and Profitability: Evidence from Nigeria. The main objective of this study is to deter...
EFFECT OF ADOPTION OF STANDARD MANAGEMENT PRACTICES ON YIELD OF URBAN FISH FARMERS
Unsafe Food Marketing and its Economic Implication in Nigeria
Agriculture and the food industry have remained strategic...
