IMPACT OF THE RUSSIA UKRAINE CONFLICT ON ECONOMIC DEGLOBALIZATION
Keywords:
Russia-Ukraine conflict, de globalization, market diversification
Abstract
This study analyzes the implications of the Russian-Ukrainian conflict on economic deglobalization and trade relations between the United States and Russia. In the context of increasing trade barriers and economic sanctions, both countries face reduced trade, supply chain disruptions, and reduced investment. To reduce risks to economic growth, market diversification can be one solution. Geopolitical tensions in Ukraine have deglobalized the global economy driven by tensions in the economic relations between the United States and Russia. This can be seen in trade restrictions, supply chain disruptions, and investment. Furthermore, the two countries responded by diversifying their markets by seeking new trading partners, expanding trade networks, and developing alternative sectors in other regions such as Asia, North America, and Africa. The United States and Russia can also strengthen economic resistance and create new opportunities amidst conditions of global uncertainty
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Harsawaskita, A. (2020). Mengkaji Kemungkinan Dunia Pasca-Pagebluk 2020: Deglobalisasi dan Kembalinya Big State.
Triandini, F. (2015). Dinamika Hubungan Amerika Serikat-Rusia dan Negara Bekas Soviet. Universitas Pembangunan Nasional “Veteran” Jakarta.
Buckley, P. J. (2016). Internalisation theory and the role of diversity. Journal of International Business Studies, 47(6), 677-686. https://doi.org/10.1057/s41267-016-0029-8.
Dadush, U. (2022). Deglobalisation and protectionism. Working Paper 18/2022, Bruegel.
Rumer, E., & Simonov, N. (2014). The new Cold War: Putin's Russia and the threat to the West. Overlook Press.
Tsygankov, A. P. (2015). Russia's foreign policy: Change and continuity in national identity. Rowman & Littlefield Publishers.
Trenin, D. (2016). Russia and the US after the Ukraine Crisis: Geopolitics, Interests, and Ambitions. Carnegie Endowment for International Peace.
Rykalin, D. (2018). Geopolitical Tensions.
Author, A. (2003). Russia's Economy in 1990s: Economic Crisis and Political Development. Europe-Asia Studies.
Graham, T. W. (2003). The New Russian Economy: The Significance of 1998. Post-Soviet Affairs.
Shleifer, A., & Treisman, D. (2005). A Normal Country: Russia After Communism. Journal of Economic Perspectives.
Cesa, I. (2018). The Economic Relations between Russia and the United States: Trade, Investment and Sanctions. Post-Soviet Affairs.
Frye, T. (2018). The New Russia: How Its Economy, Politics, and Institutions Fit Together. Journal of Economic Perspectives.
Hill, F., & Gaddy, C. (2018). The Siberian Curse: How Communist Planners Left Russia Out in the Cold. Peterson Institute for International Economics.
Office of the United States Trade Representative. (2021). 2021 National Trade Estimate Report on Foreign Trade Barriers. URL
US Department of State. (2021). United States Relations with Russia: After the Ukraine Invasion. URL
U.S. Census Bureau. (2021). U.S. Trade in Goods with Russia. URL
U.S. Department of the Treasury. (2021). Ukraine-/Russia-Related Sanctions. URL
Congressional Research Service. (2021). Russia: Background and U.S. Policy. URL
U.S. Department of the Treasury. (2021). Ukraine-/Russia-Related Sanctions. URL
U.S. Department of Commerce. Bureau of Industry and Security. (2021). Russia - Industry Sector Sanctions. URL
Gallagher, A., & Porzecanski, R. (2010). The limits of mercantilism: International cooperation after the financial crisis. The Cato Journal.
Fergusson, I. F., & Vaughn, B. A. (2019). Russia: Sanctions. Congressional Research Service.
New Foreign Direct Investment in the United States, 2022. (2023). URL
The Conversation. (2022). Lima komoditas penting yang akan terganggu Perang Rusia-Ukraina. URL
Badan Pusat Statistik. (Year). URL
Pamungkas, A. C., Alunaza, H., Shafitri, D. N., & Putri, A. (2022). Implikasi Sanksi Ekonomi Bagi Rusia Terhadap Potensi Eskalasi Harga Minyak dan Gas Alam Pada Distribusi Pasar Dunia. Journal of International Relations (JoS), 1(1).
Statista. (Year). Foreign direct investment position of the United States in Russia from 2000 to 2021. URL
Neely, C. J., & Dunn, J. (2023, February 16). Reviewing the Impact of Energy Sanctions on Russia. Federal Reserve Bank. URL
Mulyana, C. (2023). Rusia mulai Berlakukan Larangan Ekspor Minyaknya ke Sejumlah Negara. URL
CEIC. (Year). Rusia Total Ekspor ke Amerika Serikat. URL
Pusat Studi Perdagangan Internasional UGM. (Year). URL
Europian Parliament. (Year). US-Russia relation: Geopolitical, security, economic and human dimensions. URL
US Department of State. (2021). US Relation with Russia. URL
US Department of State. (2020). 200 Years of US-Russia Relation. URL
Published
2023-08-09
How to Cite
Basuki, L. W. (2023). IMPACT OF THE RUSSIA UKRAINE CONFLICT ON ECONOMIC DEGLOBALIZATION. Journal of Social Political Sciences, 4(3), 277-299. https://doi.org/10.52166/jsps.v4i3.195
Section
Articles
Copyright (c) 2023 Luthfi Wahyu Basuki
This work is licensed under a Creative Commons Attribution 4.0 International License.
