Three-dimensionality as the benefit?

Vasyl Yurchyshyn, Director of Economic Programmes at the Razumkov Centre, has analysed the reaction to the Russian attack on Ukraine as an influence on the tripartite world economic order.

An important characteristic of the modern world order is that the United States and China, as the countries with the largest economies, have a decisive influence on global and national processes. The conflict of values and interests between the United States and China, as well as their increasing competition in political, security, and economic fields, draws almost all countries into possible confrontations. This is especially important for Ukraine, given that the United States has already established itself as a reliable political partner, showing full support for our country, and China, as the largest economic partner, has mostly taken a detached position.  Moreover, there were well-founded fears that authoritarian China would openly support the aggression of terrorist russia.

However, there may be a reverse situation when Ukraine will be in a position to influence the nature of global decisions and become a reason for the rapprochement of the two world superpowers, and the important factors for this will be economic.

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