Economists for Ukraine

For over 230 days, Ukraine has been resisting Russian aggression. This war brings death and destruction at a scale not seen in Europe since WWII and the ripples of the war are felt everywhere from the Ukrainian families who lost their loved ones to African countries that face the prospect of hunger. A long war rather than a blitzkrieg is progressively looking like a baseline scenario. In this case, victory depends not only on how brave and motivated armed forces are but also on who has a stronger economy, who can sustain waging a war effort at a high pace, and who can muster more resources. Can Ukraine win on this front?

By Yuriy Gorodnichenko