Economic crises are an integral part of the development of the world economy, which accompany the world economy throughout its development. Due to the global nature of the world economy, a fairly high level of interconnection and interaction, as well as deep cooperation between countries, any economic crisis, even if it begins in one country, after a certain time covers the entire world economy, affecting all countries included in the world economy. Even problems of a non-economic nature sooner or later begin to influence economic phenomena, and if they contain crisis elements, they become the cause of an incipient economic crisis. The best manifestation of this is the ongoing Russian-Ukrainian war, which has created a crisis situation in the global economy, from which all countries cannot remain aloof. Foreign trade is one of the most important categories of countries' relations with the world. Foreign trade is also one of the main channels of transmission of economic crises that began in different countries.
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Mkrtchyan et al. (2024) studied this question.
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