President Vladimir Putin’s invasion of Europe’s second-largest country Ukraine highlights the threat posed by rising authoritarianism in a post-pandemic world afflicted by supply shocks for critical natural resources, notably crude oil. Rising global instability is not only undermining economic certainty, thereby causing commodity prices to spiral higher, but is strengthening authoritarian regimes which pose a threat to the global liberal democratic order. Unsurprisingly, President Nicolas Maduro of Venezuela emerged as one of the very…
