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Global cooperation in conflicts: empirical study of foreign trade volatility in Ukraine and the World

Global cooperation in conflicts: empirical study of foreign trade volatility in Ukraine and the World

Abstract

The global shocks of recent years have upended the current world order, and international economic systems have been plunged into deep uncertainty. The current global context is worrying, with increased competition and conflict replacing cooperation. Therefore, the issue of transforming global cooperation is extremely relevant. Estimating the approaches of domestic and world scientists, the paper provides an interpretation of international (global)cooperation in the modern world and its architecture, explores how Ukraine is involved in it with an emphasis on trade and capital. It is noted that international cooperation is not always a good thing, but since it concerns policies that go beyond the national economy and are used as part of global governance, challenges arise in view of expanding the scope of international cooperation and global collective action to achieve the goals of sustainable economic development in a changing world. Summarizing global trends, the paper notes that if barriers to trade continue to grow under the influence of global threats and the effects of the war in Ukraine, some countries may suffer from a slowdown in economic growth and a decrease in the diffusion of productivity and innovation. It is determined that there is a large disproportion in global cooperation, therefore, the issue of global fragmentation and diversification is emphasized, and it is emphasized that reducing the gap between more and less integrated countries can lead to significant economic benefits, but any type of reconfiguration entails additional trade-offs. Studying the empirical data, it is noted that today's world is deeply interconnected,although the trends of recent years are marked by a downward trend, including a noticeable drop in foreign trade in Ukraine, indicators of trade concentration remain low, foreign direct investment has an unstable trend. The redirection of trade flows as a result of the Russian invasion of the Ukraine and its impact on the possibilities of expanding Ukraine's foreign economic cooperation are noted and analysed.

У статті розкрито проблематику глобальної кооперації в умовах конфліктів, надано тлумаченням міжнародної кооперації в сучасному світі та її архітектури, досліджено, як Україна долучена до неї з акцентом на торгівлю і капітал. Зазначено, що оскільки глобальна кооперація стосуються міжнародної політики та управління, постають виклики глобальних колективних дій. Підкреслено, що є велика диспропорція в глобальній співпраці, і наголошено, що скорочення розриву між більш і менш інтегрованими країнами може призвести до значних економічних вигід, але такареконфігурація тягне за собою додаткові компроміси. Зауважено, що сьогоднішній світ глибоко взаємопов'язаний. Відзначено, якщо бар'єри для торгівлі продовжуватимуть зростати, деякі країни можуть постраждати від уповільнення економічного зростання та зниження дифузії продуктивності та інновацій. Проаналізовано перенаправлення торговельних потоків у результаті російського вторгнення в Україну та йоговплив на можливості розширення зовнішньоекономічної кооперації України.

Keywords

global cooperation; foreign trade; international economic cooperation; global conflicts; fragmentation and concentration, глобальна кооперація; зовнішня торгівля; міжнародне економічне співробітництво; глобальні конфлікти; фрагментація та концентрація

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold