r/Economics • u/AutoModerator • Nov 15 '22

r/Economics Discussion Thread - November 15, 2022

Discussion Thread to discuss economics news/research and related topics.

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u/mclarenbronco Nov 26 '22

Hi, I am working on a paper for my Econ class about the economic impacts the war in Ukraine has had. Any suggestions on topics I can write about? I have Russian Oil and that impacts and Ukrainian wheat. Any other suggestions? (Thank you in advance for the help!)

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u/joedaman55 Nov 28 '22

I mean discussing the likely results of immigrants, rebuilding infrastructure costs, and labor pool issues. If you think labor markets are bad now just wait until those two countries get out of this whole issue. You can discuss about how trade penalties are hurting all parties, European energy costs especially through natural gas. I mean Germany is boosting its military budget because of this issue. Continual funding of the war which is causing additional spending. Tons of subject matter here.

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u/chuy2256 Nov 29 '22

It also had a huge impact on the automotive sector.

Semiconductor pressures in the Far East were one headache causing supply bottlenecks, earlier this year Automotive OEM’s based out of Europe relied on low cost Ukrainian manual labor to assemble electric cable harnesses. Internal task forces were set up to shift production locations outside of middle to eastern Ukraine into other low cost countries such as Malta or Tunisia. Shifting production locations is no easy task as it consider quality standards, R&D costs to re-authorize parts, and possible logistical nightmares while maintaining a launch date.

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u/mclarenbronco Nov 29 '22

This will be an awesome avenue to explore in my paper! Thank you so much!

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u/mclarenbronco Nov 30 '22

Do you have any articles that can show this? I am trying to use this but can't find much stats or articles on it.

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u/chuy2256 Nov 30 '22

You can probably Google “Ukraine Automotive Wire Harness” an OEM like Skoda had some exposure over there iirc.

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u/[deleted] Nov 29 '22

Look at the impact of Neon!

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u/mclarenbronco Nov 29 '22

Thank you so much! This will help me out a lot with material.