[Economics] What is at stake in Ukraine

[Wassim MH]

 

The war is first of all about the fate of 44m Ukrainians. But in the shattered ruins of Mariupol and Kharkiv a worldview is also at stake. Vladimir Putin invaded Ukraine to force it to renounce the West and to submit to the Kremlin. He believes that big countries should be free to dominate smaller ones. Ukraine counters that it will choose its own allies. With Western backing, it is affirming the universal principle that all countries are sovereign. Whoever prevails on the battlefield will win a fundamental argument about how the world should work.

It matters, therefore, that off the battlefield this is an argument the West is losing. Most of the emerging world either backs Russia over its invasion or is neutral. Some countries depend on Russian arms, others feel a misplaced nostalgia for Soviet largesse, but many see the West as decadent, self-serving and hypocritical. And many more, even if they do not welcome the invasion, see it as somebody else’s problem. As America and the rest of nato rally support for action against Russia, that is a stunning rebuke. It is also taking the world down a dangerous path.

https://www.economist.com/leaders/2022/04/16/what-is-at-stake-in-ukraine