The Ukrainian War and Economic Liberalism

Abstract

The paper tries to investigate the reasons of the Russia-Ukrainian war from the point of view of economic and political liberalism and pacifism. Back in 1909, Norman Angel posed the arguments about the futility of aggressive wars. Nowadays his reasoning seems still impressive. Russia cannot gain anything from this war in economic terms. The Russian World concept is behind the decision of the war outbreak. Ironically, Russia can be reintegrated into the world economy only if it accepts the refuted liberal values. Any new economic order will be inferior for Russia and will degrade the Russian positions in the world economy in favor of China. Future restoration of Ukrainian economy would require international efforts in the framework of a multilateral cooperation.

JEL: F15, F17, C33