Development Review
Vol 33, Issue 1, 2024
The Ukraine Conflict and Global Economic Fallout: Impact on Poverty and Inequality in Developing Countries
Author(s) : Md. Rafiqul Islam and Rafia Islam
Abstract :
The Ukraine Conflict's prolonged geopolitical standoff has disrupted global economic stability and exacerbated poverty and inequality in developing countries. This paper examines its impact on trade dependencies, poverty levels, and humanitarian responses in vulnerable regions. Through a qualitative review of secondary data, it identifies key findings including rising food prices, energy shocks, disrupted trade, and unequal impacts among societal groups. Long-term implications include setbacks to poverty reduction and increased debt burdens. Policy implications underscore the need for targeted interventions, debt relief, regional cooperation, and resilience strategies to mitigate adverse impacts and foster inclusive development. This study contributes to advancing social justice and sustainable development agendas amidst global uncertainty.
Keywords : Developing Countries, Global Economic Fallout, Inequality, Poverty, Ukraine Conflict
