Download or read book How War Brings Economic Cost Raises written by Johnny Ch Lok and published by Independently Published. This book was released on 2021-04-29 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁Are US poor economic consequences of war?What are the macroeconomic effects of US government spending on the war? I believe modern times are that the human cost military spending has created positive economic outcomes for the US economy. I shall indicate how the human costs of war influences positive economic outcomes for the US on these aspects which include: GDP, consumption, investment, inflation and income distribution aspects.In fact, US heightened military spending can create employment additional economic activity and contributes to the military weapon development of new technologies, which can bring advantages into other industries in US. For long term economic influence, US military weapon research and development on creating employment would potentially have the same low cost economic benefit in US. For example, US economy had higher GDP growth in the Afghanistan and Iraq war period. Another benefit is that US had appropriate conditions for future growth after the Second World War great depression period. It was a sharp decline in income inequality and the trend in declining inequality standard after the Second World War great depression period. Thus, America's human cost military spending could bring indirect military weapon research and development on creating employment benefit and it would potentially have the same low cost economic benefit in US. However, in the war period, the higher levels of government military weapon spending with war tends to generate some positive economic benefits in the short-term period, specifically through increases in economic growth during spending booms after war period. Why it can bring GDP growth in the US war period. In general, by the end of World Ward II, US GDP was over 120 % and tax revenue increased more than three times to over 20% of GDP. However, GDP growth there was are increase in the trend lines after the war had finished when unemployment was eliminated, recovery was well underway prior to the war, are the key counterfactual is whether similar spending on US public works would have generated even more growth. However, US macroeconomic history over the past seventy years, that there are a number of negative economic effects from conducting any wars. But, there have also positive benefits of increases US government spending on military industry. Moreover, when an economy has excess capacity and unemployment, it is possible that increasing military spending can provide an important stimulus. When military and defense spending is important in providing security for the US nation as well as helping to support and protect US's national affect.So, in war economic view point, it will bring this question: Is efficiency or justification for any particular macroeconomic effects of war spending for US? To answer this question, I shall suppose security is not only dependent on an adequate military capability, but security can also keep on economic stability. For example, price controls strategy and rationing strategy had a significant role to play to influence consumption in US, during war period. For example, it was difficult for household to purchase products, such as washing machines, irons or water heaters because the raw resources, e.g. steel and production capabilities are needed to be used to produce military weapons instead of these products effort to prepare to fight the enemy in the Second World War. So, the raw resources, e.g. steel price will be rasied, due to shortage to supply to produce the home consumer products, Then, it will bring the home consumer products price to be raised. So, war will bring negative impact to influence home consumer product prices to be raised, due to shortage of steel resources supply when they are supplied to produce weapon to win enemy in war period.

Download or read book The Economics of World War I written by Stephen Broadberry and published by Cambridge University Press. This book was released on 2005-09-29 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Download or read book How War Influences written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-04-05 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter One International war economy influences1.1 Can wars impact global economy threat?1.1.1 How did First World War influence Europe economy ?Can wars bring either advantages or disadvantages or both to impact our economy growth ?In history, I feel that international war can influence any country's economy development has either positive or negative impact in possible. On the inflationary hand, for the First World War economy growth influence example, in the First World War and since most notably the German hyperinflation of the 1920 year, this type of monetary regime shows a far smaller tendency towards inflation. In the First World War period, volatility of inflation and output were higher in the short run. So, First World War had little negative impact to influence world inflation in the war period. However, in the First World War period, the supply of money was determined not by the rates of economic growth only, but by the amount of available gold and could not be adjusted in response to economic needs. So, new sources of gold would increase money supply and inflation and decrease interest rates, the opposite of what modern central banks would do to provide stable economic growth in First World War. So, it explained that the First World War occurrence caused the change from non-inflationary to inflationary long term development. Thus, it seems First World War brings more money supply and gold supply to stable economic growth in the future long term period.On the labor productivity influence hand, leaving monetary issues aside, the First World War created the working time intellectual mood to change labor productivity, it would be a 15-18 hours working week for more enlightened leisure to Europe labors. Some prominent modern economists on the accuracy of the predictions on GDP growth per capital was remarkably accurate given to be fallen down that it was made at the time when economy growth theory did not even exist in the First World War period. Thus, it seems First World War also causes working time to be raised to the developing countries during the industrialization period. Then, the long time working time brought to the developing countries' workers to it is poor for labor health. Hence, although employers can raise productivity, but they need many workers to work long time to cause unhealthy. The majority found that the prediction on leisure is of the variations between world regions, due to income level exist, making European variety of capitalism. So, the First World War caused income inequality within countries and between nation states, trends in working hours, world poverty and ever growing needs ( consumerism) and the like. Thus, the developed western countries' workers can work lesser time to compare to the developing Asia countries' workers. Consequently, First World War brought negative impact to influence the developing Asia countries' worker unhealthy and physical and mental illnesses number had been increasing as well as it brought positive impact to influence the labor productivity had been increasing to the Asia countries' employers, due to their workers need to work long time every day.

Download or read book How War Brings Postive and Negative Impacts to Economy written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-08-29 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction This book concerns to research how war influences any countries' economy development. In Part one, chapter one concerns what international war influences. I shall explain whether wars can impact economy threat. I shall indicate how First World War influenced Europe economy; what US economic consequences of war are; how can economy policy influence peace and security; What relationship is between civil wars and economic growth; how economic impact of the war and higher military spending is. In part two, chapter two concerns the country's internal civil war, I shall explain what the relationship is between internal war and human welfare. I shall indicate how internal war influences human welfare; whether internal civil wars can influence the country

Download or read book Destructive Creation written by Mark R. Wilson and published by University of Pennsylvania Press. This book was released on 2016-08-03 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: During World War II, the United States helped vanquish the Axis powers by converting its enormous economic capacities into military might. Producing nearly two-thirds of all the munitions used by Allied forces, American industry became what President Franklin D. Roosevelt called "the arsenal of democracy." Crucial in this effort were business leaders. Some of these captains of industry went to Washington to coordinate the mobilization, while others led their companies to churn out weapons. In this way, the private sector won the war—or so the story goes. Based on new research in business and military archives, Destructive Creation shows that the enormous mobilization effort relied not only on the capacities of private companies but also on massive public investment and robust government regulation. This public-private partnership involved plenty of government-business cooperation, but it also generated antagonism in the American business community that had lasting repercussions for American politics. Many business leaders, still engaged in political battles against the New Deal, regarded the wartime government as an overreaching regulator and a threatening rival. In response, they mounted an aggressive campaign that touted the achievements of for-profit firms while dismissing the value of public-sector contributions. This probusiness story about mobilization was a political success, not just during the war, but afterward, as it shaped reconversion policy and the transformation of the American military-industrial complex. Offering a groundbreaking account of the inner workings of the "arsenal of democracy," Destructive Creation also suggests how the struggle to define its heroes and villains has continued to shape economic and political development to the present day.

Download or read book International And Domestic War Brings Social Influence written by John Lok and published by Notion Press. This book was released on 2024-07-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns to research how war influences any countries' economy development. This concerns what international war influences. I shall explain whether wars can impact economy threat. I shall indicate how First World War influenced Europe economy; what US economic consequences of war are; how can economy policy influence peace and security; What relationship is between civil wars and economic growth; how economic impact of the war and higher military spending . It also concerns the country's internal civil war, I shall explain what the relationship is between internal war and human welfare. I shall indicate how internal war influences human welfare; whether internal civil wars can influence the country's long run economic development; when and how can be stopped the civil internal war to influence economy growth. In my focus, I shall give my opinion to solve this question: Whether do wars bring either advantages or disadvantages or both to impact our economy growth ? This book also discuss whether war how influences technology development and human development. I write this book aim to give my opinion to let readers attempt to find answers to judge whether international war or country internal civil war will influence economy to be worse.

Download or read book Economic Environment And Social Behavioral Relationship written by Johnny Ch Lok and published by . This book was released on 2019-12-02 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can wars impact global economy threat?1.1.1 How did First World War influence Europe economy ?Can wars bring either advantages or disadvantages or both to impact our economy growth ?In history, I feel that international war can influence any country's economy development has either positive or negative impact in possible. War may include these two aspects to influence the country consumer behaviors as below: On the inflationary hand, for the First World War economy growth influence example, in the First World War and since most notably the German hyperinflation of the 1920 year, this type of monetary regime shows a far smaller tendency towards inflation. In the First World War period, volatility of inflation and output were higher in the short run. So, First World War had little negative impact to influence world inflation in the war period. However, in the First World War period, the supply of money was determined not by the rates of economic growth only, but by the amount of available gold and could not be adjusted in response to economic needs. So, new sources of gold would increase money supply and inflation and decrease interest rates, the opposite of what modern central banks would do to provide stable economic growth in First World War. So, it explained that the First World War occurrence caused the change from non-inflationary to inflationary long term development. Thus, it seems First World War brings more money supply and gold supply to stable economic growth in the future long term period.On the labor productivity influence hand, leaving monetary issues aside, the First World War created the working time intellectual mood to change labor productivity, it would be a 15-18 hours working week for more enlightened leisure to Europe labors. Some prominent modern economists on the accuracy of the predictions on GDP growth per capital was remarkably accurate given to be fallen down that it was made at the time when economy growth theory did not even exist in the First World War period. Thus, it seems First World War also causes working time to be raised to the developing countries during the industrialization period. Then, the long time working time brought to the developing countries' workers to it is poor for labor health. Hence, although employers can raise productivity, but they need many workers to work long time to cause unhealthy. The majority found that the prediction on leisure is of the variations between world regions, due to income level exist, making European variety of capitalism. So, the First World War caused income inequality within countries and between nation states, trends in working hours, world poverty and ever growing needs ( consumerism) and the like. Thus, the developed western countries' workers can work lesser time to compare to the developing Asia countries' workers. Consequently, First World War brought negative impact to influence the developing Asia countries' worker unhealthy and physical and mental illnesses number had been increasing as well as it brought positive impact to influence the labor productivity had been increasing to the Asia countries' employers, due to their workers need to work long time every day. It seems on the positive impact hand, that the First World War caused the inflation occurrence to bring more money supply and gold supply to be raised to influence global economic growt

Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Download or read book The Economic Consequences of the Gulf War written by Kamran Mofid and published by Routledge. This book was released on 2005-10-26 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean? In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.

Download or read book The Worth of War written by Benjamin Ginsberg and published by Prometheus Books. This book was released on 2014-09-02 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although war is terrible and brutal, history shows that it has been a great driver of human progress. So argues political scientist Benjamin Ginsberg in this incisive, well-researched study of the benefits to civilization derived from armed conflict. Ginsberg makes a convincing case that war selects for and promotes certain features of societies that are generally held to represent progress. These include rationality, technological and economic development, and liberal forms of government. Contrary to common perceptions that war is the height of irrationality, Ginsberg persuasively demonstrates that in fact it is the ultimate test of rationality. He points out that those societies best able to assess threats from enemies rationally and objectively are usually the survivors of warfare. History also clearly reveals the technological benefits that result from war—ranging from the sundial to nuclear power. And in regard to economics, preparation for war often spurs on economic development; by the same token, nations with economic clout in peacetime usually have a huge advantage in times of war. Finally, war and the threat of war have encouraged governments to become more congenial to the needs and wants of their citizens because of the increasing reliance of governments on their citizens’ full cooperation in times of war. However deplorable the realities of war are, the many fascinating examples and astute analysis in this thought-provoking book will make readers reconsider the unmistakable connection between war and progress.

Download or read book Economic Interdependence and War written by Dale C. Copeland and published by Princeton University Press. This book was released on 2014-11-02 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does growing economic interdependence among great powers increase or decrease the chance of conflict and war? Liberals argue that the benefits of trade give states an incentive to stay peaceful. Realists contend that trade compels states to struggle for vital raw materials and markets. Moving beyond the stale liberal-realist debate, Economic Interdependence and War lays out a dynamic theory of expectations that shows under what specific conditions interstate commerce will reduce or heighten the risk of conflict between nations. Taking a broad look at cases spanning two centuries, from the Napoleonic and Crimean wars to the more recent Cold War crises, Dale Copeland demonstrates that when leaders have positive expectations of the future trade environment, they want to remain at peace in order to secure the economic benefits that enhance long-term power. When, however, these expectations turn negative, leaders are likely to fear a loss of access to raw materials and markets, giving them more incentive to initiate crises to protect their commercial interests. The theory of trade expectations holds important implications for the understanding of Sino-American relations since 1985 and for the direction these relations will likely take over the next two decades. Economic Interdependence and War offers sweeping new insights into historical and contemporary global politics and the actual nature of democratic versus economic peace.

Download or read book The Impact of the English Civil War on the Economy of London 1642 50 written by Ben Coates and published by Routledge. This book was released on 2017-03-02 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: When the English Civil War broke out, London’s economy was diverse and dynamic, closely connected through commercial networks with the rest of England and with Europe, Asia and North America. As such it was uniquely vulnerable to hostile acts by supporters of the king, both those at large in the country and those within the capital. Yet despite numerous difficulties, the capital remained the economic powerhouse of the nation and was arguably the single most important element in Parliament’s eventual victory. For London’s wealth enabled Parliament to take up arms in 1642 and sustained it through the difficult first year and a half of the war, without which Parliament’s ultimate victory would not have been possible. In this book the various sectors of London’s economy are examined and compared, as the war progressed. It also looks closely at the impact of war on the major pillars of the London economy, namely London’s role in external and internal trade, and manufacturing in London. The impact of the increasing burden of taxation on the capital is another key area that is studied and which yields surprising conclusions. The Civil War caused a major economic crisis in the capital, not only because of the interrelationship between its economy and that of the rest of England, but also because of its function as the hub of the social and economic networks of the kingdom and of the rest of the world. The crisis was managed, however, and one of the strengths of this study is its revelation of the means by which the city’s government sought to understand and ameliorate the unique economic circumstances which afflicted it.

Download or read book War How Conflict Shaped Us written by Margaret MacMillan and published by Random House. This book was released on 2020-10-06 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is peace an aberration? The New York Times bestselling author of Paris 1919 offers a provocative view of war as an essential component of humanity. NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY THE NEW YORK TIMES BOOK REVIEW “Margaret MacMillan has produced another seminal work. . . . She is right that we must, more than ever, think about war. And she has shown us how in this brilliant, elegantly written book.”—H.R. McMaster, author of Dereliction of Duty and Battlegrounds: The Fight to Defend the Free World The instinct to fight may be innate in human nature, but war—organized violence—comes with organized society. War has shaped humanity’s history, its social and political institutions, its values and ideas. Our very language, our public spaces, our private memories, and some of our greatest cultural treasures reflect the glory and the misery of war. War is an uncomfortable and challenging subject not least because it brings out both the vilest and the noblest aspects of humanity. Margaret MacMillan looks at the ways in which war has influenced human society and how, in turn, changes in political organization, technology, or ideologies have affected how and why we fight. War: How Conflict Shaped Us explores such much-debated and controversial questions as: When did war first start? Does human nature doom us to fight one another? Why has war been described as the most organized of all human activities? Why are warriors almost always men? Is war ever within our control? Drawing on lessons from wars throughout the past, from classical history to the present day, MacMillan reveals the many faces of war—the way it has determined our past, our future, our views of the world, and our very conception of ourselves.

Download or read book On War written by Carl von Clausewitz and published by . This book was released on 1908 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book War with China written by David C. Gompert and published by Rand Corporation. This book was released on 2016-07-05 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Sino-U.S. war could take various, and unintended, paths. Because intense, reciprocal conventional counterforce attacks could inflict heavy losses and costs on both sides, leaders need options and channels to contain and terminate fighting.

Download or read book The Handbook on the Political Economy of War written by Christopher J. Coyne and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 649 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook on the Political Economy of War highlights and explores important research questions and discusses the core elements of the political economy of war.

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.