DOI: https://doi.org/10.32515/2663-1636.2024.12(45).40-46

Problems of International Economic Activity and International Macroeconomics in the Context of War

Daria Nasypaiko, Valerii Reshetov, Tetiana Reshytko

About the Authors

Daria Nasypaiko, Associate Professor, PhD in Economics (Candidate of Economic Sciences), Associate Professor of the Department of International Economic Relations, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0000-0000-8374-0917, e-mail: nasipaiko.d@gmail.com

Valerii Reshetov, Associate Professor, PhD in Economics (Candidate of Economic Sciences), Associate Professor of the Department of Audit, Accounting and Taxation, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0000-0001-9664-4764, e-mail: v31973@gmail.com

Tetiana Reshytko, Senior researcher, PhD in Economics (Candidate of Economic Sciences), Associate Professor of the Department of International Economic Relations, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0000-0002-7589-4710, e-mail: tatyanaresitko@gmail.com

Abstract

The purpose of this article is to analyze the impact of the military conflict on Ukraine’s international economic activity, identify the main challenges and threats to the national economy during the war, and outline possible paths for adaptation and recovery. The study focuses on assessing changes in foreign trade relations, macroeconomic indicators, financial markets, food security, and the investment climate. The article examines the influence of the military conflict on Ukraine’s international economic activity and analyzes key factors determining its economic resilience in wartime conditions. Special attention is given to the changing geopolitical context, which significantly affects foreign trade relations and international cooperation. Political conflicts, the imposition of economic sanctions, and the physical destruction of infrastructure necessitate the reorientation of trade routes and the search for new partners. With the blockade of seaports and the disruption of logistics chains, Ukraine is forced to expand its export-import relations through the European market. The article also explores the macroeconomic consequences of the war, including GDP decline, a drop in household incomes, and increased inflationary pressure. The war has led to a significant rise in poverty, threatening social stability and economic development. Additionally, the importance of foreign investment in the process of post-war recovery and modernization of Ukraine’s economy is emphasized. A separate focus is placed on food security. Overall, the article highlights the necessity of strategic reforms, particularly in the diversification of economic partnerships, technological modernization of industry, and the development of the domestic market. Given the new challenges Ukraine faces due to the war, further expansion of international economic cooperation remains crucial. This includes integration into global production and trade chains, which will contribute to economic recovery and growth.

Keywords

international economic activity, international macroeconomics, national economy, foreign trade relations, financial market, GDP, war, military conflict

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References

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