Problem
War-time disruption of economies and production facilities
Experimental visualization of narrower problems
Other Names:
Economic burden of warfareDestruction of economy due to war
Nature:
The economic costs of warfare stem directly from the human casualties, the destruction of infrastructure and manufacturing plants. Under war-time conditions the production facilities and economies of territories involved in the hostilities are severely disrupted as a result of conversion of such facilities to war-time needs, destruction of such facilities, loss of foreign investment, decrease in international trade, disequilibrium in balance of payments, and disruption of long-range balanced growth. Moreover, it disrupts trade and international economic relations through its effects on the prices and availability of commodities, the dangers associated with the use of certain shipping routes, etc. On cessation of hostilities, it may take an extended period of time to return to economically viable peace-time production.
Broader Problems:
Socio-economic burden of militarizationDestruction of civilian populations and institutions Narrower Problems:
Unstable economic baseIndustrial destruction by warPoverty as a consequence of warDisruption of food supply due to military activitiesEconomic conflict Related Problems:
Accumulation of capital Aggravates:
War debtLong-term effects of war Subject(s):
Defence → WarEconomics → Economic
Economics → Economy
Industry → Production
Societal Problems → Destruction
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
04.10.2020 – 22:48 CEST