Manila Bulletin (Philippines) published an op-ed stating that as the one-year anniversary of Russia’s invasion of Ukraine approaches, talk of war is at the forefront of geopolitical discussions, particularly because the interconnectedness of globalized economies has far-reaching impacts even for countries not involved in the conflict.
“This was illustrated by a study from the International Food Policy Research Institute: ‘Global food, fuel, and fertilizer prices have risen rapidly, driven in large part by the fallout from the ongoing war in Ukraine and the sanctions imposed on Russia. The price of crude oil and natural gas has also risen substantially, while the weighted average price of fertilizer has doubled. With these changes in global prices, many developing countries are concerned about the implications for economic stability, food security, and poverty.’”
Republished in Atin Ito (Philippines).