Effects of conflict on Global Economy The 2021 Economic Value of Peace report shows that the global economic impact of violence is estimated to be $14.4 trillion. Conflict means (literally) an open clash between two groups or individuals. As the world is marching towards technological advancement, nationalism and modernization, the scale and number of conflicts around the globe is soaring high. It is an open secret that government officials take extreme steps, often at the expense of human lives for the sake of territorial expansion or other “national” interests. This incessant desire of officials or individuals has catastrophic effects on humanity. It causes human and property loss, degrades mental well being of people and causes them an eternity of misery, however this is just the tip of the iceberg. The ongoing case of Afghanistan and Russia- Ukraine are living examples. One of the major domain that is hit hard by conflic...
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Showing posts from May, 2022