http://money.cnn.com/2014/02/27/investing/ukraine-russia-markets/
The recent sociopolitical uprising in Kiev over whether or
not to join the European Union culminated in last week’s over throw of
President Viktor Yanukovych. CNN reports that the overthrow has not only
affected the social climate of the region but also the economic status of
surrounding states. With the government ousted and currency plummeting, Ukraine
is looking to other countries to support its economy or face bankruptcy.
Independent of whether or not Ukraine’s economy succeeds in
recover tensions between Russia and the European Union might delegate the
future of the crippled country. These two powers are Ukraine’s leading trading
partners for all types of resources; Russia especially shares a conflict based
history with Ukraine. The most pressing questions relate to how Ukraine will be
able to re-stabilize itself and remain on good terms with the regional powers.
In a sociological sense this situation has a lot to do with
the Dependency Theory in that Ukraine used to be a Russian colony. Within the 20st
century Ukraine was able to break away from the Soviet Union; in 2004 Ukraine broke
away from Russia in the Orange Revolution to create an independent state. However,
the nation still didn’t have a fully formed, cooperative democracy (one of the
ingredient of the revolt). Additionally, according to Wallenstein’s World System
Theory the complexity of global stratification and the sharing of international
goods might distract the government and business industry’s from the desires of
its people, leading to upheaval! This distraction ignores that what happens in one country will affect the inner workings of another country. It seems that organic solidarity can extend to an international level too.
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