Answer to Question #328919 in Microeconomics for Bubu

Question

Given the nature and effects that the Russia and Ukraine war had on economic development discuss using neocolonialism theory. and advice on how should policy makers respond to these shocks?

Answer 1

Neocolonialism exploitation between russia and Ukraine will decrease roughly, because the second one after the war begins to end all economical connection with russia, as a result, Ukraine in future will try to enter other markets. To decrease the shock of doing this, the Ukrainian government should, first of all, make a trade agreement with other countries. To say more, government should subsidize the industries which suffer a lot