The war in Ukraine has been going on for over a month. Every day through the media we see deaths, injuries, enormous destruction. The economic consequences affect a large part of the world, starting with Europe. Energy prices are rising rapidly, sanctions imposed on Russia damage trade, millions of refugees are arriving, inflation is on the rise, there is concern about future gas supplies, new military spending is brewing. All this after two years of the pandemic. It is a worrying situation: Russia is an atomic power and the risks of a nuclear conflict affect all states in the world, starting with the United States. A summary of the events will be presented during the lecture. The economic and social consequences of the crisis will also be described, considering the historical elements that allow us to better understand what is happening.
Filippo Sbrana (Milan 1973), Ph.D., is assistant professor of Economic History at the University for Foreigners of Perugia in Italy. He is author of three books and about twenty articles and contributions to collective books, editor of two special numbers of scientific journals. The latest essay accepted for publication is “Nothing develops like development”. Banks, economic development, international expansion of Italy, forthcoming in “Journal of European Economic History”.
Originally published at rome.nd.edu.