THE IMPACT OF CURRENT ARMED CONFLICTS IN UKRAINE AND PALESTINE ON GLOBAL ECONOMIC AND GEOPOLITICAL TRENDS Cover Image

UTICAJ AKTUELNIH ORUŽANIH KONFLIKATA U UKRAJINI I PALESTINI NA GLOBALNA PRIVREDNA I GEOPOLITIČKA KRETANJA
THE IMPACT OF CURRENT ARMED CONFLICTS IN UKRAINE AND PALESTINE ON GLOBAL ECONOMIC AND GEOPOLITICAL TRENDS

Author(s): Ana Papić
Subject(s): Economy, Supranational / Global Economy, Russian Aggression against Ukraine, Russian war against Ukraine
Published by: АЛФА БК УНИВЕРЗИТЕТ
Keywords: war conflicts; geopolitical tensions; Ukraine; Palestine; global supply chains; instability of global trade flows; price inflation; energy sources

Summary/Abstract: In the contemporary world, globalization has become a key driver of international economic and political changes. It has contributed to the economic development of many countries, but it has also raised a number of challenges and disputed contradictory issues, including the occurrence of occasional global and financial crises and war tensions. The aim of this paper is to investigate the ways in which the current global economic crisis, as a consequence of globalization, and current economic pressures affect geopolitical changes in the modern world, as well as to analyse the economic aspects of the armed conflicts in Ukraine and Palestine, pointing to a very complex relationship among economy, politics and security at the global level. This comprehensive aticle deals with a detailed study of the consequences of global economic crises and economic conflicts, with special reference to the global economic, financial, banking, energy, trade and geopolitical aspects of the War in Ukraine. In its second part, the article analyses the global economic consequences of the War in Palestine, as well as its impact on current geopolitical trends and global trade routes. The paper concludes that the current armed conflicts undoubtedly have a significant impact on global economic trends, leading to notable global economic disturbances, deepening geopolitical uncertainties and instability, fluctuations in and extremely unpredictable energy prices, an increase in global food prices, growth in transport costs, inflation of prices and costs, as well as to instability in the functioning of global supply chains. The war conflicts in Palestine and Ukraine actually represent a kind of arena for the competition of large economic and political powers that want to achieve their strategic goals, fighting for access to cheap natural resources and striving for economic dominance and military supremacy in the world.

  • Issue Year: 17/2025
  • Issue No: XVII
  • Page Range: 101-126
  • Page Count: 26
  • Language: Serbian
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