The Intelligence from The Economist

Marshalling resources: rebuilding Ukraine

Jan 24, 2023
Matt Steinglass, The Economist's Europe correspondent, discusses the staggering economic toll of the war in Ukraine and the critical steps needed for recovery, comparing it to the Marshall Plan. Rachel Dobbs sheds light on the Montreal Protocol's success in healing the ozone layer and its implications for future environmental policies. Callum Williams debunks fears about job displacement during the pandemic, revealing that automation didn’t lead to widespread job losses, countering initial predictions and sparking a broader conversation about job security.
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ANECDOTE

Farm Destruction

  • Russian troops occupied a Ukrainian farm, causing extensive damage and killing livestock.
  • The farmer, Fikhori Katschenko, returned to find booby traps and destroyed equipment.
INSIGHT

Scale of Damage

  • Rebuilding Ukraine will require significant international aid, similar to the Marshall Plan.
  • The World Bank estimates over $349 billion in damages, with the figure rising.
INSIGHT

Aid Stages

  • Ukraine's aid schedule has three stages: immediate needs, urgent reconstruction, and long-term Marshall Plan-like aid.
  • Funding will come from various sources, making coordination complex.
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