№ 2023/1
Creative discussions on systemic problems of social developmentSIDENKO Volodymyr Romanovych1
1State Institution "Institute for Economics and Forecasting, NAS of Ukraine"
War in Ukraine as a bifurcation point in global development: rhyming with the past versus creating the future
ABSTRACT ▼
In this article, prepared as part of the creative discussion on the problems raised in Sergio Mariotti's paper regarding various global economic aspects related to the Russian-Ukrainian war, the author argues that, despite the obvious tendencies towards greater global protectionism, one should not excessively expand the meaning of the term "protectionism" thus concealing the recent trends towards direct government interventionism in the functioning of international markets, which makes the very concept of "free market" increasingly conditional. Turning to the repeatability in the present of certain trends of the past (called “rhyming”), which is another important message in S. Mariotti's article, the author emphasizes the need to consider this phenomenon not as a regrettable and undesirable coincidence, but as a natural consequence of the principle of cyclicality in economic development and the wave-like nature of long-term development trends.
The article proves that one can not overcome undesirable and dangerous global trends just by calling for peace, cooperation and better global coordination based on the established principles of institutionalised world order. That purpose requires a truly global thinking in all without exception centers that shape global development policy, and true cooperation in defining the parameters of the future and in solving global problems of humanity. And this is only possible via the formation of a qualitatively new model of globalization, where economic freedom would become the freedom of free development for all.
Keywords:deglobalization, economic nationalism, global protectionism, global value chains, fragmentation, global interdependencies, K-waves, long civilizational waves, Russian-Ukrainian war
JEL: F13, F20, F52, F55, F60, N40
Article in Ukrainian (pp. 7 - 30) | Download | Downloads :128 |
REFERENCES ▼
1. Mariotti, Sergio (2022). A warning from the Russian–Ukrainian war: avoiding a future that rhymes with the past. Ekon. prognozuvannâ – Economy and forecasting, 3, 7-32.
doi.org/10.15407/eip2022.03.007 [in Ukrainian].
2. Dent, C.M. (2020). Brexit, Trump and trade: Back to a late 19th century future? Competition & Change, 24(3-4), 338-357.
doi.org/10.1177/1024529420921481
3. Wolf, M. (2004). Why globalisation works. Yale University Press.
4. G20 Bali Leaders’ Declaration (2022, November 16). Bali, Indonesia. Retrieved from
www.whitehouse.gov/briefing-room/statements-releases/2022/11
5. G20 Rome Leaders’ Declaration. Retrieved from
www.governo.it/sites/governo.it/files/G20ROMELEADERSDECLARATION.pdf
6. WTO Ministerial Conference Twelfth Session. MC12 Outcome Document adopted on 17 June 2022, WT/MIN(22)/24, WT/L/1135 (2022, June 22). Retrieved from
www.wto.org/english/thewto_e/minist_e/mc12_e/documents_e.htm
7. European Commission (2021). Trade Policy Review: An Open, Sustainable and Assertive Trade Policy. Luxembourg: Publications Office of the European Union. Retrieved from
trade.ec.europa.eu/doclib/docs/2021/april/tradoc_159541.0270_EN_05.pdf
8. National Security Strategy. October 2022. Washington: The White House. Retrieved from
www.whitehouse.gov/wp-content/uploads/2022/10/Biden-Harris-Administrations-National-Security-Strategy-10.2022.pdf
9. Gonçalves, Lucie and Defarges, Mathilde (2022, December). When Macron Met Biden: Simmering Tensions Over the Atlantic. Blue Star Strategies LLC. Retrieved from
bluestarstrategies.com/news/insight-and-analysis/628-macron-state-visit
10. Grytsenko, A., Podliesna V. (2015). Socio-economic cycles: historical forms and state regulation. Ekon. teor. – Economic theory, 1, 89-99 [in Ukrainian].
11. Podliesnaya, V. (2017). Logical and historical foundations of the formation of socio-economic cycles. Institute for economics and forecasting, NAS of Ukraine. Kyiv [in Russian].
12. Fromm, Erich (1973). The Anatomy of Human Destructiveness. New York: Holt, Reinhart and Winston.
13. Huntington, Samuel P. (1996). The Clash of Civilizations and the Remaking of World Order. New York: Simon & Schuster.
14. Snower, David. Opening speech at the Global Solutions Summit 2022,
March, 28th-29th [You Tube video]. Retrieved from
www.global-solutions-initiative.org/summit-2022/
15. United Nations (2021). Our Common Agenda - Report of the Secretary General. New York: United Nations.
doi.org/10.18356/9789210010122
16. Stiglitz, Joseph E. and Charlton, Andrew (2005). Fair Trade for All: How Trade Can Promote Development. Oxford University Press.
17. Stiglitz, Joseph E. (2006). Making Globalization Work. New York - London: W.W. Norton & Company.
18. Rodrik, Dani (2007). One Economy - Many Recipes: Globalization, Institutions, and Economic Growth. Princeton and Oxford: Princeton University Press.
doi.org/10.1515/9781400829354
19. Jaspers, Кarl (1949). Vom Ursprung und Ziel der Geschichte. Zürich: Artemis-Verlag. In: Karl Jaspers Gesamtausgabe (2017). Band I\10. Basel: Schwabe Verlag. Retrieved from
digi.ub.uni-heidelberg.de/diglitData/pdfOrig/kjg1_10.pdf