'We are, in short, living through a moment that may be as politically and economically transformative as the World Wars of the 20th century.'
an FAO representative. Ukraine and Russia together export more than a third of the world’s grain products, and Russia is also a key exporter of fertilizers , with much of Europe and Central Asia depending on the latter.. The Ukraine war could thereby help destabilize parts of the Middle East and Central Asia. Over the longer term, Europe, South Asia, and Africa might be vulnerable.
The current crisis may harm China, because it derives most of its economic power from liberalization of trade. So far, the Chinese are avoiding criticizing Russia, but are also withholding military aid. Unsurprisingly, Chinese leaders are looking out for their own interests. Sadly and ironically, all of this geopolitical destabilization is happening as democracy in the US is faltering, and as the nation faces a possible right-wing takeover. The Trump years showed just how fragile US political institutions can be when confronted by authoritarian populism. While Trump himself is unlikely to be elected to another term, his party is busy cementing minority rule in place in half the nation’s states, and perhaps in Washington as well.
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