By michael roberts The Great Recession of 2008-9 was a turning point for the US global strategy. Up to then, the general aim was to ‘engage’ important economic powers like Russia and China. Throughout the 1990s onwards, the US government pressed for the opening-up of their economies to multi-nationals and banks from the ‘West’. These … Continue reading A Marshall plan for Ukraine?
The Impact of the war on the world economy By michael roberts “The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries”. That’s how IMF chief Kristalina Georgieva described the impact of the war on the world economy. Nobody can be sure of the … Continue reading Ukraine-Russia: like an earthquake
Michael Roberts Ukraine's GDP fell 18 percent between 2013 and 2020. /CGTN Europe As the drums of war sound for Ukraine, what will be the impact on Ukraine’s economy and the living standards of its 44m population, whether war is avoided or not? I’ve posted on Ukraine several times before during the intense economic crisis that the … Continue reading Ukraine: trapped in a war zone