Showing posts with label war. Show all posts
Showing posts with label war. Show all posts

Thursday, December 29, 2022

Top 10 blog-Substack posts of 2022 / 10 posts de blog y Substack más leídos

On November 23, 2022, I started a Substack account:

https://luisfierro.substack.com

Until then, I posted my articles on this blog.

Here are the top 10 posts in 2022 (combined from both sites):

___

El 23 de Noviembre de 2022, inicié una cuenta de Substack.

Hasta entonces, publicaba mis artículos en este blog.

Aquí los 10 artículos más leídos de 2022:

 

# 10 Financing the energy transition in #Ecuador  

https://luisfierro.substack.com/p/financing-energy-transition-in-ecuador


# 9 Presentation on Climate Change, the Paris Agreement and Climate Finance 

https://luisfierro.substack.com/p/presentation-on-climate-change-the






#6  Economic Relations between the European Union, Latin America and the Caribbean

https://luisfierro.substack.com/p/economic-relations-between-european


#5 The "Wired" magazine 1997 predictions (and my predictions for 2064) 

https://luisfierro.substack.com/p/the-wired-magazine-1997-predictions-and




#3. Comunismo indoamericano es barbarie



#2.  Putin's Defeat  



And my top post of 2022 / y mi artículo más leído en 2022:

#1.  War and Economy 


 
Happy New Year!  Feliz Año Nuevo!

Friday, April 15, 2022

War and Economy

By Luis Fierro Carrion (*)

Twitter: https://twitter.com/Luis_Fierro_C

The Russian invasion of Ukraine has exacted a heavy human toll, with tens of thousands of Ukrainian civilians killed, apart from some 20,000 Russian troops (as of April 13, according to Ukrainian sources). In the besieged city of Mariupol alone, the Mayor indicated that more than 20,000 civilians could have been killed. The number of injured could reach more than 100,000, and there are more than 11 million displaced people (of which about 5 million have left Ukraine).

Apart from this, the war has brought considerable economic losses, with the destruction of homes, infrastructure, roads, etc. It is estimated that more than USD 100 billion worth of infrastructure has been destroyed in Ukraine. The World Bank estimates that Ukraine's Gross Domestic Product (GDP) could fall by 45% as a result of the war, due to the collapse of production and exports in much of its territory. The poverty rate could rise from 1.8% of the population to about a third.

The Russian economy, subject to severe sanctions by NATO countries and other allies (Japan, South Korea, Australia, etc.), could fall by 11.2% in 2022, according to the World Bank.

If the war is prolonged and escalated, the drop in GDP could reach 75% in the case of Ukraine and 20% in the case of Russia.

Other countries severely affected will be the neighbors of Ukraine and Russia, including Belarus (-6 %) and Moldova (countries in which Russian troops also operate, in the former at the invitation of its dictator, in the latter due to the occupation of the Transnistria area). 

The growth projection for Central Europe (Bulgaria, Croatia, Hungary, Poland and Romania) will be reduced from 4.7% to 3.5%, due to the influx of refugees, the increase in commodity prices and the deterioration of business confidence. Refugee influx fluctuates between 4% of the pre-war population (Hungary) to 15% in the case of Moldova; Almost two and a half million people have entered Poland, equivalent to 6% of the pre-war population.

At the global level, it is estimated that the GDP growth rate will fall from 4% to 3%, mainly as a result of the effects on world trade, and the rise in the prices of fuel and food.

Price increases have been especially pronounced for commodities in which Russia and Ukraine are key exporters, including: natural gas, coal, oil, fertilizers, wheat, aluminum, iron ore and palladium.

In Latin America and the Caribbean, the Inter-American Development Bank (IDB) estimates that the growth rate will fall by one point in 2022, from 2.1% to 1.2%, and there could be a contraction of 0.4 % in 2023.

The growth scenarios for each country depend on various factors, from their commercial links with Russia and Ukraine, to their level of indebtedness; but in general, the IDB expects it to decrease compared to the pre-war scenario.

The high price of hydrocarbons and cereals will benefit the countries that export these products, while the importers, particularly those in Central America and the Caribbean, will suffer higher inflation.

Russia and Ukraine are important markets for several of the products that Latin America and the Caribbean exports, such as dairy products and meat (Southern Cone), fruits (for example, bananas, in the case of Ecuador) and flowers.

Around 20% of the region's total fertilizer imports come from Russia, as do more than 5% of iron and steel imports.

Another collateral effect will be the rise in international interest rates, as a result of the higher inflation faced by countries such as the United States and Europe.

In the case of Ecuador, the impacts will be contradictory: a positive effect due to the rise in the price of oil, a negative effect due to the increase in the price of fertilizers and the closure of the markets for bananas and flowers. The World Bank increased its 2022 growth forecast to 4.3%  (the second fastest growing country in Latin America, after Colombia).

But uncertainty will be the global and regional tone, subject to how the Russian invasion and the aftermath of the COVID-19 pandemic evolve.


(*) Translation of my column published in Diario "El Universo" on April 15, 2022'

https://www.eluniverso.com/opinion/columnistas/la-guerra-y-la-economia-nota/



Russia's flagship warship the Moskva has sunk




Friday, March 18, 2022

Putin's Defeat

 By Luis Fierro Carrion (*)

Twitter: @Luis_Fierro_C

As I write these lines, the fierce attacks of the Russian government against Ukraine continue, leaving as a result thousands of Ukrainian civilians dead, apart from some 1,300 Ukrainian troops, and more than 13,800 Russian troops (according to Ukrainian sources). There are nearly 3 million refugees (out of a population of 44 million).

However, Putin has already been defeated in the strategic objectives he had established in launching this bloody attack. His goals were:

• Removing President Zelensky and weakening Ukraine's democratic government

• “Demilitarization” of Ukraine.

• Halting the expansion of the North Atlantic Treaty Organization (NATO) defensive alliance into Eastern Europe.

• Weakening the European Union and preventing it from acquiring new members.

• Strengthening Russia's “zone of influence” in Europe and Asia.

• Expanding the reach of the Russian government's propaganda outlets.

• Consolidating his power.

As a result of his unwarranted and unprovoked attack, the opposite is happening.

• President Zelensky is still alive, and the level of support for him and his government has risen from 25% before the invasion, to 91%. Russian-speaking Ukrainians living in eastern Ukraine have increased their support for the Kyiv government, including holding pro-Ukrainian demonstrations in cities occupied by Russian soldiers.

• Ukraine is receiving defensive weapons from NATO countries and other allies (Australia, Finland, Japan, Sweden, etc.).

• In the first three weeks of fighting (through March 16), the Russians are estimated to have lost: 84 planes, 108 helicopters, 11 combat drones, 430 tanks, 190 artillery pieces, 1,375 armored personnel carriers, 70 missile-launching units, 3 ships, 819 vehicles, 60 fuel tankers and 43 anti-aircraft units. It is worth mentioning that the loss of 13,800 Russian troops is getting close to the losses of the Soviet Union during the 10 years of occupation of Afghanistan (about 14,500).

• Finland and Sweden, currently neutral countries, are considering joining NATO, apart from Ukraine, Georgia and Bosnia. Germany, Sweden and other countries have announced substantial increases in their defense budgets.

• The European Union has been unified around support for Ukraine and sanctions against Russia. Ukraine, Georgia and Moldova have applied to join the EU (in addition to Albania, Bosnia, Kosovo, Macedonia, Montenegro, Serbia and Turkey).

• The Russian economy is collapsing in the face of imposed sanctions. The ruble has lost 40% of its value, and an economic contraction of more than 10% is estimated. Russia's GDP per capita could return to the level of 1989. The sanctions on the banks, their exclusion from the SWIFT system and the ban on the sale of oil and gas to several countries will have a severe impact.

• Various Russian propaganda outlets, such as Russia Today (RT) and Sputnik, have been banned in several countries, including those of the European Union. Several far-right and far-left politicians who used to support Putin (including Trump) have changed their positions. Even in countries like Hungary and Serbia, pro-Putin stances have waned. Apart from Russia, only 4 countries voted against a resolution condemning Russia in the United Nations General Assembly, while 141 voted in favor (35 abstained, including China, Cuba, Nicaragua, Bolivia and El Salvador).

• Thousands of peace protesters have been arrested in Russia. Some parliamentarians, oligarchs, retired military, and even members of the intelligence service (FSB) have expressed their opposition to the war. Putin's power is weakening, and there is even the possibility that he will be deposed.

Ultimately, Putin is being defeated because the Ukrainians are bravely defending their homeland, while the Russian soldiers are demoralized by attacking and killing those whom Putin himself had called "Slavic brothers" (many of them ethnically and linguistically Russian).

(*) A Spanish version of this column was published in “Diario El Universo” on March 18, 2022:

https://www.eluniverso.com/opinion/columnistas/la-derrota-de-putin-nota/