A study of Implications of war on an economy

Gayatri Randhavane; Rujuta Bhagat; Sonia Gupta

Abstract

In today’s world where we all believe in peace there are also conflicts going on. We often come across news such as natural calamity, recession, inflation, terrorism, war, etc. The current news that interests a lot is the war and its impact on an economy. In this research paper we will study the reasons due to which war takes place as well as its short-term and long-term effects on an economy. We'll research a few conflicts that have had a negative impact on the world economy. In today’s time war takes place between the countries due to their personal interest, against terrorists, to protect their country, etc. Thus, the study will also aim in understanding how due to war the victim countries as well as other countries get affected even if they do not get involved in the war. Conflicts dominate the world landscape, with war standing out as a major and disturbing phenomenon. This study examines the various elements that led to the start of war, including personal interests, counter-terrorism operations, and national security. Furthermore, the research intends to unearth the complicated links between war and its far-reaching consequences for both affected nations and those not directly participating in the battle.