Post
Topic
Board Economics
Re: The impact of war on global economy.
by
Smack That Ace
on 07/03/2024, 16:28:29 UTC
In addition, war also caused the government to spend way more than its normal budget.  It also makes people suffer.  Transportation and logistic is also greatly affected so the distribution of trade is interrupted.  Continued war can result in famine, economic crash, destruction of properties and living things, and many more.  The only sectors that profit in this war are the weapon manufacturers and medical supplier.

"""""In addition, war also caused the government to spend way more than its normal budget. It also makes people suffer."""""

Yes, war creates so much difficulties for any country, nation, government, etc. You know when any country gets attacked neighboring country must spend more than its normal budget cause they have many economic interconnections. This makes the situation when the cost of everything will be increased. Which is not good for any country or nation. It makes normal life abnormal.

"""'Transportation and logistic is also greatly affected so the distribution of trade is interrupted. Continued war can result in famine, economic crash, destruction of properties and living things, and many more. The only sectors that profit in this war are the weapon manufacturers and medical supplier."""""

It affects transportation and logistics because the price of oil, petrol, octane everything will be increased. When people lost their lives, and work their purchasing power significantly dropped, economy was ruined in a sudden, I don't only talk about the affected country but also the entire world economy hampered because of war. so it is not expected for any country, that's why we have to be patient. We should not lose our temper and start fighting, we should do everything thinking about future generations.