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Essay: How long will the war in Ukraine last and what will its likely outcomes will be? A prediction on its outcomes (view source)
Revision as of 02:09, August 29, 2023
, 02:09, August 29, 2023→Economic effects of the war on Russia
For resource-rich, developing economies, the immediate imperative is to diversify export-oriented sectors, but for the benefit of long-term sustainability, they must also look at the larger picture. A strong institutional and regulatory framework and workforce development initiatives are indispensable to the diversification effort; and proper management of human capital is key, especially in those countries experiencing a “demographic dividend.” Implementing such comprehensive diversification and risk management strategies won’t be easy, but the result—a
For resource-rich, developing economies, the immediate imperative is to diversify export-oriented sectors, but for the benefit of long-term sustainability, they must also look at the larger picture. A strong institutional and regulatory framework and workforce development initiatives are indispensable to the diversification effort; and proper management of human capital is key, especially in those countries experiencing a “demographic dividend.” Implementing such comprehensive diversification and risk management strategies won’t be easy, but the result—a
diverse, stable, and growing economy—is worth the effort.<ref>[https://www.strategyand.pwc.com/m1/en/reports/strategyand-resilient-stable-sustainable-benefits-economic-diversification.pdf ''Resilient, stable, sustainable: The benefits of economic diversification''], Booz & Company, 2011</ref>}}
diverse, stable, and growing economy—is worth the effort.<ref>[https://www.strategyand.pwc.com/m1/en/reports/strategyand-resilient-stable-sustainable-benefits-economic-diversification.pdf ''Resilient, stable, sustainable: The benefits of economic diversification''], Booz & Company, 2011</ref>}}
'''Related articles:'''
*[https://www.amarilloedc.com/blog/the-importance-of-a-diversified-economy#:~:text=A%20diversified%20economy%20creates%20a,the%20growth%20of%20supporting%20industries. The Importance Of A Diversified Economy]
*[https://www.strategyand.pwc.com/m1/en/reports/strategyand-resilient-stable-sustainable-benefits-economic-diversification.pdf ''Resilient, stable, sustainable: The benefits of economic diversification'']
[[File:04656 market in Sanok.JPG|thumbnail|250px|right|Every year, 500,000 people die due to alcohol in Russia.<ref>''[https://www.obserwatorfinansowy.pl/in-english/macroeconomics/demographic-crisis-in-russia/ Demographic crisis in Russia]'' by Adam Gwiazda, 2019</ref>]]
=== Other major economic effects of the war in Ukraine on Russia ===
=== Other major economic effects of the war in Ukraine on Russia ===