Topic: World Economy and War - page 7. (Read 1479 times)

The problem is not that the financial assistance is not sufficient, corrupt leaders a stealing the money. The contracts that are awarded for projects are overestimated so that politicians and their cronies can embezzle funds.

I am sure everyone in my country is praying that Iran should attack Israel because it could lead to a full-blown war. Many economies will face severe economic challenges if the global oil and gas supply is affected. But unless something is done, Iran might retaliate because failure to do that shows weakness. But I just hope this conflict will be settled without further confrontation because many people might become jobless.

Yes, no doubt about it! War only brings in adverse effects on the economy of all countries, except US. Because when a war happens, the arms export of US increases manifold. You can take examples of both Russia-Ukraine, and Israel-Iran war. US is supplying arms to both Ukraine and Israel. So they are actually a gainer during a war where they are not directly involved.

But for the rest of the nation's, war is devastating in every possible way and not just the economy.

The global economic situation is really in danger with every country experiencing a significant decline in growth especially in African countries. The aid that the countries under the United Nations (UN) are receiving is very insufficient compared to the people and if the government of that country is corrupt it can be very difficult to reach the people.

The rich are getting richer as a result of the capitalist state system, yet the rising cost of living in developed countries is leaving people unable to meet their desired goals. Food prices are rising amid the war between Ukraine and Russia and the effects of an escalation in the Middle East war could have an impact on the global economy. If Iran's preparations for war with Israel escalate, the price of oil will increase, which in turn will increase the price of every commodity around the world. With the increasing effects of inflation the tendency of people to become poor is increasing and a large number of people in the world do not have enough food for two days.

But it can be said without a doubt that if the situation of war in the world is not reduced by 2025, there may be a catastrophic economic situation all over the world and the GDP growth of the developed countries starting from the least developed countries may decrease.