Yuriy Yakymenko, President of Razumkov Centre
Vasyl Yurchyshyn, Director of Economic Programmes of Razumkov Centre
The year 2024 will probably go down in history as a time of rapid change in the global political and economic landscape. This process obviously has been underway for a number of years, but so far it has rather tested major world powers for their readiness for fundamental shifts. Since the early 2020s, it has become apparent that the world is moving away from a rules-based multilateral order and towards power politics, generating unprecedented risks and challenges that the world has not seen since WWII.
Instead, there are accelerating global transformations resulting in rather controversial and often undesirable changes; meanwhile, challenges are turning into risks that could seriously impede the civilised development of humanity.
And this may be particularly true of European society, including the Ukrainian one, as it already has every right to be considered an integral part of this community.
During the 1990s and early 2000s, the European Union managed to significantly strengthen its institutional capacity, allowing it to expand to 27 countries and to exert its political, economic, and diplomatic influence not only among democracies but also in the region now called the Global South.
