The Impact of the War in Ukraine on Global Trade and Investment edited by Michele Ruta published by The World Bank (2022).
“The war in Ukraine is an immense human tragedy for the people of Ukraine, but its economic implications are global. This instant report focuses on the direct impact of the war on world trade and investment. Key questions addressed in this study are: How will trade and welfare, especially of developing countries, be affected in the short run? Which sectors are being most disrupted? What are the implications for logistics networks, FDI, and global value chains (GVCs)?
The war comes at a difficult moment for the world economy. The recovery from the pandemic-induced recession is decelerating because of continued COVID-19 flareups and diminished policy support (World Bank, 2022). Inflation is increasing in many countries, and large economies are increasing interest rates to reign it in. Disruptions in world trade and investment will curb growth in developing countries and add to price pressures, especially if governments impose trade restrictions to shield their economies…”