The geo-economic impact of the war in Ukraine. Global and European dimensions of the problem

Abstract

Based on a detailed diagnosis of the current socio-economic situation in the world caused by the war in Ukraine, and earlier by the COVID 19 pandemic, the presented analysis points to specific measures that, both conceptually and practically, must be taken in the global (world economy) and regional (European Union) dimensions, serving to strengthen security and economic resilience treated as priority elements of the new economic order of the second decade of the 21st century. Through the use of selected research methods and techniques characteristic of political science research, the author of the presented article points to concrete solutions to limit the threat of the emergence of successive waves of economic, food, energy and refugee crises, and a return to the Cold War in its new iteration, i.e. the growing geo-economic rivalry of the US-China confrontation and their main allies. He sees opportunities for a higher level of economic stability in the countries classified as part of the so-called Western World, with the European Union and the United States at the forefront, in at least a partial reduction of offshoring in favor of nearshoring and its frienshoring variants and the concept of open strategic autonomy promoted in the EU.