With Russia and Ukraine current conflict, explain with examples the impact on globalization

and the free trade policies that have shaped the world over the past sixty years.

Impact of globalization and free trade policies.

Globalization entails worldwide spread of goods, services and opportunities seamlessly.
Globalization policy advocates for agreement among nations that facilitates flow of
resources and inputs needed to achieve collective development. Free trade is
encompassed in globalization as it captures the economic aspect of it. Free trade policy is
the highest rank of integration that is achieved by countries experiencing and qualitied for
mutual relationships to that extent. Globalization and free trade policies have several
economic impacts that come out especially in such time when Ukraine and Russia are in
war session. Globalization and free trade policy seem to work perfectly in ensuring the
economy is shaped accordingly until disturbances such as the war occurs. Some are
discussed as follows;

 Decreased manufacturing and production costs. Globalization and free trade

facilitates mass production and supply of goods and services among nations. They
thus enjoy economies of trade in their operations. Universal production reduces
production costs involved by making use of absolute or comparative advantage of its
available endowment.
 Increased market efficiency. International trade agreements encourage
specialization in a field for which resources are easily available. In the face of
Ukraine invasion, this efficiency is likely to deviate away from equilibrium points of
operation. Free trade policy may not apply in place since political stability is not
promising in Ukraine now. The global bonds that would bring the two nations
together need reinforcement for peace to prevail that will facilitate economic growth.
 Equity distribution. Free trade policy objectives pursue economic balance and
elimination of wealth parity among nations. Whenever war occurs as is the case now
between Ukraine and Russia, we call globalization failure. A commendable policy
that will equalize on both nations involved in war is required to restore equality. 
 Economic growth; free trade and global policies facilitate massive sales returns and
huge profits following specialization and reduced cost of production. In Ukraine and
Russia their international relationship and interdependence is destroyed and both
economies are likely to experience economic regression. Until a unifying global
policy is developed that will reconcile them, the situation may persist.

In summary, global policy and free trade policies are instruments that help in bringing unity
among nations. Any conflict arising between different nations could be attributed to failure of
certain international policy.