The impact of war on global economy. - page 16.

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Quote from: Afnan_faizah on September 25, 2023, 12:57:58 AM

I think war always bring bad impact to the world economy. imagine this, build a building from destructed building is more expensive rather than build a building on empty land. war will make the cost for development increase a lot, it will really slow the progress and as human we maybe don't have enough power or resource to anticipate bad things from nature that maybe come in the future.

Generally this is true, but this is only felt by countries that are at war because the destruction you are referring to only occurs in certain areas and not globally. But if we look at the negative impacts that can spread globally, there are also high prices for basic necessities or raw materials that have not been processed and the difficulty of having access to countries that are at war to make marketing there, so this has become a very basic obstacle.

Apart from that, if several countries are facing war and usually these countries very often produce natural resources in large quantities and the results of these natural resources are raw materials for making certain products which are often needed by all communities, this will also have an impact. which is even worse. Namely an increase in the price of raw materials to two or three times the usual because when raw materials or natural resources become scarce, the price will continue to soar and companies that often buy these raw materials will also find it difficult to produce more.

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I think war always bring bad impact to the world economy. imagine this, build a building from destructed building is more expensive rather than build a building on empty land. war will make the cost for development increase a lot, it will really slow the progress and as human we maybe don't have enough power or resource to anticipate bad things from nature that maybe come in the future.

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Quote from: Renampun on September 24, 2023, 06:42:11 PM

Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.

What do you guys think? Is this true or false?

Currently there are several countries at war, but why is it only the Ukraine vs Russia war that affects the world economy, that's because not all wars affect the global economy, only wars between large and influential countries will affect the global economy.

I still really remember when the war between Ukraine vs Russia was in high tension, the concerns of all countries about oil and gas supplies reached an alarming level, speculative activities continued to occur, even predictions of the global economy collapsing also continued to grow, luckily until now we haven't experienced that much. The impact of the war between the two countries was severe, but war is still not a good thing, it only hurts all parties.

At the beginning days, the impact of war between the two countries were felt much all around the world. Over time things started to change as countries started to look for the alternate sources to keep things functioning in an orderly manner. The major reason being the oil supply cut which directly affects the increase in price of each an everything. Next thing is the food supply, Russia and Ukraine being the global contributors in wheat supply stopped it. Above all is the loss of human lives and the situation to lead the life amidst the fear. Global economy experienced hard downturn by covid-19 and the war had made situation even worse.

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Quote from: sunsilk on September 23, 2023, 06:35:05 PM

Everything is being affected by the war. The price of commodities and as in everything has increased and that's due to the demand of oil that's also being used in war and the same goes to the affected areas where oil is being produced.

While there have been a lot of resources and sources of oil, you know that when there are events like this. They just make the prices balloon because they'll reason out it's because plainly of the war.

On for the affected land masses of the war, the decline of prices of the lands there are massively happening.

You have just summarised the OP unintentionally. Everything is affected by war. I haven't witnessed a full blown up war in my country but I have watched in the television. I have also read in the news and also been told by friends in the affected countries. Tbh, if it is possible, war needs to be avoided by all means. Op hurriedly listed a few things that are affected by war, but I might decide to elaborate but let me just categorise the effects of war in the economy.

Internal disruption
External effects
Natural disruption

In the internal, only the countries at war will suffer as there will be no good food and freedom of movement by the citizens.
In the External, you will understand that neighbouring countries and other countries that depends on the affected country for trades and other international relations will suffer. While the natural effects talks about the environment disorder which affects even the nature and animals. If possible, leave peaceably with all men and shun war.

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Wars are a very distressing thing and it’s very disheartening when it becomes the case but, it’s effect is not always on the parties or victims on war alone. Like you’ve referenced a global impact in OP and the topic contains, war actually affects on a broader scale.
The world is more connected than we see it and that’s why, we’ve got nations in trades with themselves over the availability of resources and how to harness it beneficially for the rest of the world.
War actually comes in between all that and makes trades in this manner amongst nations impossible or not without some major difficulty which in turns affects the economy of a people and thus, the world.

Hence, in terms of having to restore peace in a state, it’s got to be a case for everyone to preach peace and hope peace is returned to every state at war.

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Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.

What do you guys think? Is this true or false?

Currently there are several countries at war, but why is it only the Ukraine vs Russia war that affects the world economy, that's because not all wars affect the global economy, only wars between large and influential countries will affect the global economy.

I still really remember when the war between Ukraine vs Russia was in high tension, the concerns of all countries about oil and gas supplies reached an alarming level, speculative activities continued to occur, even predictions of the global economy collapsing also continued to grow, luckily until now we haven't experienced that much. The impact of the war between the two countries was severe, but war is still not a good thing, it only hurts all parties.

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Quote from: mamesso on September 23, 2023, 11:19:40 PM

War has produced many negative impacts, apart from the three impacts you described above, war also leaves deep wounds on the people who live around the war. The impact produced by war depends on how big the war is, countries that are energy dependent from countries that are being hit by war also experience negative impacts such as stray missiles and increasing inflation ratios.

The increase in national GDP is hampered, state spending is increasing to finance war needs such as the need for large amounts of oil and the stock market is not functioning as it should, which makes share prices fall further. Overall, the impact of the war has left many negative sides, leaving huge losses in economic terms and leaving deep trauma due to the increase in disability.

Countries don't understand the ramifications that war brings, and if you study history closely, you will actually see the ramifications of does action. However, governments of countries don't take this into consideration, despite the fact that you can see many people reacting negatively to the effects of war in the news. There is no way that a war won't have an impact on the countries that surround it. Anybody will become weak even from seeing movies like We Were Soldiers Alone and what Happened. And both governments will need to spend a lot of money, which will have an impact on the economy, in order to establish stability. It's better to prevent these impacts, some of which even result in homelessness for certain people. Is just best avioded.

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Despite their destructive capacity and catastrophic consequences for the state in which they are an arena, wars have other, undeclared aspects. Unfortunately, there are always parties that benefit from wars in different forms, and therefore wars have impacts on many economies since the interests are intertwined:
- Arms manufacturing companies that will sell weapons to the conflicting parties.
- Construction companies that will receive reconstruction contracts.
- Banks that will finance the conflicting parties in the form of high-interest loans.
- ...
Wars create chaos, causing the collapse of the internal economy of the region in which they take place. There are those who appear after wars, called war rich or crisis merchants, who accumulate wealth through smuggling various types of goods at the borders.

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Quote from: AmoreJaz on September 23, 2023, 06:43:09 PM

Quote from: sunsilk on September 23, 2023, 06:35:05 PM

Everything is being affected by the war. The price of commodities and as in everything has increased and that's due to the demand of oil that's also being used in war and the same goes to the affected areas where oil is being produced.

While there have been a lot of resources and sources of oil, you know that when there are events like this. They just make the prices balloon because they'll reason out it's because plainly of the war.

On for the affected land masses of the war, the decline of prices of the lands there are massively happening.

let us put it this way, war will always have significant impact in the economy especially those countries which are directly involved one way or another.
neighbouring countries as well. and those countries which are heavily relying on the products produced by those countries.

While those countries are suffering and heavily affected by the war. There's also the opposite impact from those countries that are manufacturers of arms, weapons and ammos.

Quote from: AmoreJaz on September 23, 2023, 06:43:09 PM

and other countries which are not directly involved will also feel its impact as you said because most countries are still relying their oil resources outside of their region.

The sad truth from these oil producing companies, they're not just going to be bumped just because of the actual. When there are trade wars that don't have casualties but us in how we're consuming things.

That's how we're also impacted by them if ever they do such economic moves that will have a great and certain impact for the lives of many.

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War is an evil. But there are also beneficiaries of this evil - the military-industrial complex, military programs. War brings great suffering to some, and great money and justification for their incompetent rule to others. In one fantastic story it was told that the inhabitants of one state were given the right to manage their own taxes. As a result, nothing was spent on military expenditures and peace prevailed on Earth.

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Quote from: 0t3p0t on September 23, 2023, 10:00:23 PM

I have read comments on this post and confirmed that economically, there were more additional lists to consider when talking about the impact of war on global economy.

Ofc there are a lot of effects of wards, from micro to macro economically. It is more than just the economy, being in war is being all.

Quote from: 0t3p0t on September 23, 2023, 10:00:23 PM

Regardless of how big or small the war, it is still us who will face and deal with the consequences. Though there are many reasons how a war has started but leaders should think the impact of war on it's economy and people.

Yeah. Unfortunately, people faces the consequences of war and it doesn't bring any pro of being in war. Historically, war restarted the global economy, especially when it happened on two vital playing countries like USA, Russia, and European countries. Leaders won't have that time to think about the impact it will give as they do it for the pride of the country, it's all or nothing after all.

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Yes, it is absolutely certain that the war between the two countries will affect the entire world. The war between Russia and Ukraine is affecting the whole world. I understand that this is bringing bad things to the whole world. Because of this war, the price of oil is increasing in the world market. Everywhere everything's areincreasing, commodity prices have increased in many countries. It is affecting everything. It seems that the impact is much greater in developing countries. Also, if we look at the history of World War one and two, we can see that they shook the whole world.

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Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

1. Increase in the national GDP is least likely to be caused by a war.

This depends on what your country produces, if it produces oil and weapons, your country will be very profitable in this case, because we have seen clear evidence that this industry has an increase in demand and prices become high in war situations.

Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

2. Oil is considered the most crucial resource in modern warfare.

Every military activity requires energy resources to move from one area to another, and they need oil as the main fuel currently to carry out military vehicle operations.

Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

3. War affects the stock market by causing a decline in stock prices.

That is certain, the business sector in a country that is at war, all activities will certainly be dangerous and companies will certainly experience losses due to war which will make them unable to operate, especially if their business focuses on exports and imports, when sending goods through areas of military tension, Of course they stopped doing that which made the shares plummet, but it's a different story if it's shares in oil or other energy companies, you will get profits if you own a lot of shares in oil mining companies.

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Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.

What do you guys think? Is this true or false?

I think there's a difference between a war just being out there and affecting your country indirectly and your country being actually at war with another country (or in a civil war situation, which is also a separate thing). So on #1, if it's your country that's at war, I agree with the statement. But if your country isn't directly affected by the violence and destruction of the war, then your country may experience an increase of GDP by producing and selling stuff that's suddenly at high demand (weapons).
As for #2, I think it really depends on what you consider a resource because there's a human resource, a time resource, material resources etc. Oil can be very important for heavy vehicles and aviation, but those vehicles and aviation are also resources, and they're also crucial.
#3 can be true if your country's at war or when a war is big enough to affect the global market, but sometimes it can be irrelevant.

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Quote from: 0t3p0t on September 23, 2023, 02:03:11 PM

1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.

What do you guys think? Is this true or false?

Ehh it depends on what country you are inside the war. I would say that some countries GDP's increase due to helping out with wars, but for those that are fighting in the war, I'm not so sure that's the case.

I wouldn't say oil is the most crucial resource, just look at the Ukraine Russia war right now. What is everyone sending Ukraine, not oil but guns, munitions etc. Those are much more valuable during war.

Lastly yes war puts a damper on the entire world economy, especially when you've got two larger countries like Ukraine and Russia fighting.

Ware fucking sucks, any way you look at it, and I'm sick of it! Let's all get along!!

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Quote from: Captain Corporate on September 24, 2023, 10:34:28 AM

Some nations like USA live for war, they have to have war every few years, and send their troops and all their shiny new gadgets to other nations to attack, otherwise they are not going to sustain. This is a nation with no danger on their country at all, nobody is attacking them and haven't in centuries, and yet they are spending a trillion dollars per year on military, and they keep suggesting that they have to otherwise something bad may happen the moment they stop, and in order to justify that they have to attack somewhere. Outside of that, no other nation would profit from war, there is no reason for war neither, but obviously humanity is not like that at all, for some reason we keep attacking each other constantly.

The US Army has left Afghanistan. The US Army does not want to participate in the conflict in Nagorno-Karabakh. I think that Americans are not able to control all military conflicts due to their problems in the economy.
But the American army does not fight on its territory, and therefore does not harm the economy of its country.

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Some nations like USA live for war, they have to have war every few years, and send their troops and all their shiny new gadgets to other nations to attack, otherwise they are not going to sustain. This is a nation with no danger on their country at all, nobody is attacking them and haven't in centuries, and yet they are spending a trillion dollars per year on military, and they keep suggesting that they have to otherwise something bad may happen the moment they stop, and in order to justify that they have to attack somewhere. Outside of that, no other nation would profit from war, there is no reason for war neither, but obviously humanity is not like that at all, for some reason we keep attacking each other constantly.

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There are two sides to every coin. This also applies to everything that exists in this world. There are good and there are bad. Same thing with wars. Some are facing the harsh reality while others are taking advantage of that situation. So the impact could be different from each perspective.

Those who are involved in the war will be in chaos and those who are not will be searching for opportunities to take advantage of this situation. For example, imagine you need oil, and the major country providing it is involved in the war (same as Russia). They cut off supplies. The other minor countries that have oil supplies will increase prices for oil. That way they are taking advantage. This is good for them. But it is bad for other countries.

This is just an example. And things like this happen. So what I am trying to say is, that the impacts are not limited to only bad things, there are good impacts too. And the good and bad will switch places based on which perspective you look at it from.

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War definitely has huge impact in economy, things that are definitely happened is the stop of production, in the region or area where the war happening there won't be any production, and the price of the product that made in this area will surging, the recent example is the increasing of wheat because of the Ukraine war. This is will definitely have a negative impact in the economy.

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Quote from: mamesso on September 23, 2023, 11:19:40 PM

War has produced many negative impacts, apart from the three impacts you described above, war also leaves deep wounds on the people who live around the war. The impact produced by war depends on how big the war is, countries that are energy dependent from countries that are being hit by war also experience negative impacts such as stray missiles and increasing inflation ratios.

The increase in national GDP is hampered, state spending is increasing to finance war needs such as the need for large amounts of oil and the stock market is not functioning as it should, which makes share prices fall further. Overall, the impact of the war has left many negative sides, leaving huge losses in economic terms and leaving deep trauma due to the increase in disability.

The negative impact of war can be very disasterous if we are not careful enough. It can lead to depopulation and lose of properties causing the level of poverty to increase drastically. The war in Ukraine has cause many people to leave there environment and seek for refuge in other regions that will alleviate there circumstances and create room for opportunity.

The past wars the world had experience like the world war one and two had so much effect on the climate change and destruction of our environment. We need to try everything posible to prevent war of conflict because it is very dangerous and can cause more damages than good.

Topic: The impact of war on global economy. - page 16. (Read 2948 times)