Russia Ukraine War Research Essay

Write a research essay on the following topic:

Due to the  recent Russia-Ukraine war, the international oil price is rising. What  are the implications of the rising oil price on developing countries’  Balance of Payments, Development Finance, Inflation, External trade, and  inflation? Give rational arguments based on the topics learned in the  second half of the course. Do you think the measures currently taken by these governments are sufficient? If not, what other policies would you like to suggest based on theory and global evidence?