D1 Article in a professional journal
Fragile international relations, trade, and policy
Authors: Karhu Anna
Publisher: Pan-European Institute, University of Turku
Publication year: 2022
Journal: Baltic Rim Economies
Journal acronym: BRE
Issue: 4/2022
Web address : https://sites.utu.fi/bre/fragile-international-relations-trade-and-policy/
Abstract
The past few years have witnessed that nothing is as permanent as change. It seems that our global economies have faced new crises increasingly frequently. Just as we have been able to take a breath and have gained a flicker of the new normal, yet another disruption shakes our renewed balance. The global financial crisis in 2008, followed by the US–China trade war, global Covid-19 pandemic and the Russia’s invasion to Ukraine, have all shaken the global structures that govern the increasingly interconnected trade. As the growth of global trade has brought us welfare and increased living standards, it has also brought us increasingly interconnected and diverse international relations.
The past few years have witnessed that nothing is as permanent as change. It seems that our global economies have faced new crises increasingly frequently. Just as we have been able to take a breath and have gained a flicker of the new normal, yet another disruption shakes our renewed balance. The global financial crisis in 2008, followed by the US–China trade war, global Covid-19 pandemic and the Russia’s invasion to Ukraine, have all shaken the global structures that govern the increasingly interconnected trade. As the growth of global trade has brought us welfare and increased living standards, it has also brought us increasingly interconnected and diverse international relations.
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