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The cost of war: why the crisis in Ukraine matters to all

When: Tuesday, May 3, 2022, 6:00 PM - 7:30 PM
Where: Virtual

It is a truism to say that the world is out of joint. Global policymakers face the twin tasks of dealing with the ongoing health challenges of the pandemic, and the impact of war. Since late February, when Putin’s forces extended their invasion of Ukraine, the outlook for the world economy has greatly worsened.

Although Russia's GDP represents only 3% of the world economy, warfare and sanctions have pushed up the prices of energy and commodities. Food costs have also increased markedly, with wheat, in which Ukraine and Russia account for 30% of global exports, under acute pressure. Broader inflationary pressures, already present through pandemic supply-chain shortages, have greatly increased, while financial sanctions, and the withdrawal of foreign investment from Russia, are not without costs to the wider world.   

This latest QMGPI Global Seminar presents a panel of eminent speakers from diverse backgrounds and addresses the implications of sanctions for the wider global economy, considering their benefits and wider costs and also future scenarios for the world economic system.

 

Panel

Our panel includes: 

  • Chair: Martin Sandbu, European Economics Commentator, The Financial Times
  • Professor Colin Grant - Vice Principal (International), Queen Mary University of London
  • Professor Paola Subacchi - Professor of International Economics and Chair of the QMGPI Advisory Board, Queen Mary University of London
  • Professor Sergei Guriev - Scientific Director of the Master and PhD programmes in Economics, CEPR Research Fellow, SciencesPo Department of Economics
  • Steven Pifer - US Ambassador to Ukraine, 1998-2000 / Centre for International Security and Cooperation, Stanford University 
  • Dr. Nicholas Mulder - Assistant Professor of Modern European History, Cornell University

 You can submit your questions to our panel ahead of the event by email to qmgpi@qmul.ac.uk

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