Why do poor countries in the world suffer more from the Ukrainian war?

Published 2022년 3월 23일

Tridge summary

The Russia-Ukraine war is causing severe supply chain disruptions and rising prices, particularly in the global food and energy markets. The conflict is having a disproportionate impact on developing countries, exacerbating economic challenges and pushing debt levels to their highest in half a century. The war has forced countries to contend with soaring food prices, reduced agricultural production, and increased reliance on expensive imported fuels. The situation is further straining already fragile economies and sparking social unrest, as seen in the significant rise in bread prices in countries like Egypt and Lebanon. The war's economic repercussions are compounding the effects of the COVID-19 pandemic and threatening to undermine development progress, with some experts predicting a decline in economic growth for many developing nations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A resident of Tigrai in northern Ethiopia scoops wheat provided for relief. Filmed on May 8, 2021. AP Yonhap News file photo Zhuhair Kapiye runs a 120-year-old bakery in Beirut. Although it has survived the financial crisis in Lebanon and the COVID-19 crisis, it is facing a crisis due to the Russia-Ukraine war. The store where bread and pies were usually displayed was almost empty. This is because wheat flour prices have risen by 1,000% since the Russian invasion of Ukraine on the 24th of last month. "I raised the price of bread by 50%, but that's not enough," Kapiye said. Until now, I have only made bread that was ordered, but now I have reached the limit,” he said. The Wall Street Journal reported on the 22nd (local time) that the war between Russia and Ukraine is causing great pain in poor countries due to severe supply shortages and rising prices. In the global era, there is no place in the world that is free from supply chain disruptions such as oil and food brought ...

Source: Hani