Economic Instability And The Political Situation - 2200 Words

There are four aspects comprising any development, such as economic, environmental, social, and political, which are deeply interlinked. Analysts are using the â€Å"ripple† effect to outline the manner in which these four aspects of growth and development are connected. Any slight change within each of the highlighted facets of growth influences the other three. For example, economic instability has a profound effect on the social, political, and environmental pendulum. This work will outline the relationship between these four concepts analysing reverberation of economic instability within various regional blocks towards other aspects of growth and development. Considering political instability in Ukraine, there is a following thesis†¦show more content†¦Ukraine, after witnessing the annexation of its Western segment, Crimea, is facing an uphill task trying to solve the problem of the unstable human resource. In addition, the constant rebellion by the pro-Russian se paratist is threatening the investment atmosphere in Ukraine. Russia, on the other hand, suffers from the global problem for its acts of aggression against Ukraine. The Russians are facing huge sanctions from their trade partners, majorly from the European Union. Such sanctions include ban on Russian exports and products in general. Consequently, the two economic blocks remain widely feeble with Ukraine due to its smaller economic construct. Invasion of Crimea Global economic analysts have labelled Russia’s invasion of Crimea as an â€Å"economic warfare.† While the political issues surrounding the annexation are not entirely the subject of this work, understanding the annexation of the region is likely to reveal the interest of the Russian administration to control the peninsula and the reserve of oil and gases within the sea. However, joining the jigsaw reveals intense power play between the two countries and there is sufficient logical progression showing that the power play within the territory of Ukrainian implies â€Å"safeguarding† of their powerful global stature. Presidential Elections The election in Ukraine was equally â€Å"annexed† by the agenda of the Russian question and this issue led to the election