Geopolitical instability in the 21st century and its impact on the global economy

Abstract

The article analyzes the consequences of the negative impact on the global economy of the geopolitical instability of the 21st century associated with armed conflicts, the sanctions confrontation between Russia and European countries, in US-Chinese relations, and the aggravation of the situation in the Middle East. It is noted that such an impact is accompanied by fluctuations in asset prices in financial markets, disruption in global supply chains, deterioration of the investment climate, as well as a decrease in the standard of living of the population. Cyber conflicts and attacks on critical infrastructure, which increase the vulnerability of the economy, are becoming an additional factor of instability.

Based on the analysis, a system of measures is proposed to reduce geopolitical instability in the world and adapt to its consequences, including the need to strengthen international institutions to achieve joint political, economic, cultural, and strategic goals. It is this integrated approach that will reduce risks and create conditions for sustainable growth of the global economy.