1. Impact of economic sanctions on net commodity-producing and net commodity-consuming countries
- Author:
- Sergio R. Vale and Eduardo Viola
- Publication Date:
- 01-2023
- Content Type:
- Journal Article
- Journal:
- Revista Brasileira de Política Internacional (RBPI)
- Institution:
- Instituto Brasileiro de Relações Internacionais (IBRI)
- Abstract:
- The war in Ukraine has had a marked economic impact. However, since Russia is a net producer of important commodities, the impact of sanctions on its economy was less than expected. But what would happen if there was a war involving a country that was a net importer of commodities? In the case of a possible China-US conflict over Taiwan, the impact on the world economy would be different, with a deeper recession around the world, but the impact on the Brazilian economy would still be positive on account of the possibility that would remain of agricultural exports to China.
- Topic:
- Agriculture, Economics, International Trade and Finance, Sanctions, Commodities, and Exports
- Political Geography:
- Russia, China, Europe, Ukraine, Taiwan, Asia, North America, and United States of America