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Author Topic: World Economy and War  (Read 1826 times)
laijsica (OP)
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November 05, 2024, 04:45:27 PM
 #1

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.
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November 05, 2024, 04:58:18 PM
 #2


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.

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.
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November 05, 2024, 05:33:36 PM
Last edit: November 05, 2024, 10:08:15 PM by Fiatless
 #3

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 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.

Quote
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.
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.

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November 05, 2024, 05:46:00 PM
 #4


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.

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.

I'm not sure if this is the case this time. I don't think Ukraine and Israel have to money to buy arms, it's the US that gives them money as a matter of fact. Remember Zelkensky gets what he wants in the first year of the war. The last time, he was empty-handed.

But there is a crisis in every corner of the globe. I think most of the countries are already experiencing a decline since the pandemic. Much business in the country hasn't recovered yet, stores and restaurants I used to see operating in the red-light district are still closed.  Israel-Iran war is about to get worse too. Saudi I think is just waiting where this war is going. It hasn't chosen sides yet. The king will choose which side is winning.


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November 05, 2024, 06:17:16 PM
 #5

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.
Save yourself from the incoming food crisis, and start considering agriculture not just for commercial purposes but for the purpose of self, but for family sustenance. The incoming food crisis will increase the prices of food and also increase the number of chemicals in processed food. To be on the safe side for the reason of spending less and health, agriculture is to be considered.

If you have more money to invest in commercial agriculture, there are modern ways and techniques to boost food production, and you will be contributing to the economy by helping to maintain the number of natural foods in circulation.

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November 05, 2024, 07:47:40 PM
 #6

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.
Save yourself from the incoming food crisis, and start considering agriculture not just for commercial purposes but for the purpose of self, but for family sustenance. The incoming food crisis will increase the prices of food and also increase the number of chemicals in processed food. To be on the safe side for the reason of spending less and health, agriculture is to be considered.

If you have more money to invest in commercial agriculture, there are modern ways and techniques to boost food production, and you will be contributing to the economy by helping to maintain the number of natural foods in circulation.
As the food crisis will occur in the future seeing the current global situation that continues to be tense, it can be said that because some sanctions continue to be haunted by Russia, and the Middle East war continues to occur without stopping this will cause food to be expensive.

If they have farmland it would be great if they started farming to survive for at least the next few years, but government policies often do not make people happy.

Now there are many chemical processed foods circulating, as a result many people are suffering where they get diseases so easily because there are too many chemical foods scattered everywhere.

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November 05, 2024, 07:57:54 PM
 #7

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.

There is always a new crisis around the corner, but at the moment we seem to be in a reasonably stable and contained state. It is very sad to have so many wars going on right now, but it is almost part of human nature and they can have many different root causes, it will be impossible to stop them all easily. Religion is often a big or underlying factor in war, even if it was all abandoned tomorrow though - people would find new things to fight over. If war started to happen between the larger and more significant world economies, like China and America, or something began destabilizing Europe, then we might see the economy start to tank because that is a potential WW3 scenario.

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November 05, 2024, 08:19:13 PM
 #8

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.
I hope that the upcoming year of 2025 will make things more peaceful and the situation will be deescalated. It's true that war is one of the biggest reasons why the oil's price is increasing and with that, there is no doubt that it's also a triggering factor to see a rise in inflation. We don't get a rest from the rising inflation because that's intended to be and we're seeing the impact of what's happening in these hot spots where oil is their main product. Even the rich countries are also struggling economically because there is a domino impact about these events.

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November 05, 2024, 09:15:05 PM
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All these are caused by greedy, selfish and incompetent politicians. That is why it is worst in African countries. It happens in other countries too but it's worst in Africa. Most of them have leaders who don't understand the implications of high tariffs on foreign goods or companies like a certain man from the states. When you have leaders like that, the country will definitely suffer.

Another reason why the world is like this economically is because countries these days always have to choose the lesser evil when selecting leaders. The political parties just focus on bring the good politician that can win votes instead of bringing a competent leader. This will leave the citizens no choice but to choose the least worst one and sometimes, the worst one wins. I think there should be a way for the citizens to reject every candidate brought if they're all incompetent.


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November 05, 2024, 09:30:25 PM
 #10

The thing that propelled increment in a country is dependable on the economy management of the country, because I know hardship in a country starts with bad governance, if cost of living is unbearable in a country what causes it is moderation of transportation, because if the government can control means of transportation or reduce cost conveying goods from one place to another and also gives loan business men and women including farmers that produces most of the farm foods and industrial manufacturing foods I don't think that costs of living will be expensive, government is the caused of every hardship each country experienced.

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November 05, 2024, 10:32:56 PM
 #11

Corruption in some governments does make it difficult for international aid to reach those who need it most, which is particularly troubling in places already struggling with poverty. I think there’s a dire need for more effective governance in aid distribution and for international organizations to find ways to prevent misuse of funds so that resources reach people directly.

If the world continues on this path, economic consequences could become severe. Hopefully, more diplomatic efforts can help ease tensions and allow us to focus on stabilizing the global economy, but 2025 isn’t far off. We’ll need a lot of resolve and cooperation to avoid the potentially catastrophic outcomes.
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November 06, 2024, 05:26:48 AM
 #12

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.
Israel as a tiny insignificant terrorist organization is not at the same level as a super power like Iran to be a war between Iran and this organization. As we've seen from the past year this terrorist organization could not even win in a tiny open air prison called Gaza that has been cut off from the rest of the world for many years.

Iran's upcoming punishment of this terrorist organization is also not going to affect the oil price or the global economy. It will just cripple the Zionist war machine that US has built for them and shortens the demise and dismantlement of this terrorist organization.

However, we know that US regime is backing this terrorist organization and there are certain scenarios which I won't get into here that Iran would need to punish the US regime and that could lead to global economic catastrophe (not just some price rise) and the economy will simply fall apart in worse way than 1929.

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November 06, 2024, 05:33:52 AM
 #13

Corruption in some governments does make it difficult for international aid to reach those who need it most,....
That’s easier said than done. People on the ground know how hard it really is. When you talk about a corrupt government, it’s not just one part - it’s the whole system, from top to bottom, with everyone wanting a cut. If they’re already stealing from national funds, imagine how much worse it is with donations that have no strict oversight.

There are countries willing to help, but some politicians just love to steal from their people. It’s almost like corruption becomes part of the culture, and no matter who becomes the leader, it just keeps getting passed down. You can see it clearly- most of the poorest countries are also the most corrupt. There’s definitely a link there, and it explains why some countries just keep getting poorer.

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November 06, 2024, 05:42:13 AM
 #14

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.
the effect of war on an economy stands on one side as one of the problem of the world economy but then, the bigger problem is the inability of the countries who are suffering at the receiving end to take full responsibility of thier suffering and look to it that they create a reasonable solution that will take them out of that mess.

Before oil, there where other resources that helped most third world country sustain herself in terms of revenue generation but since oil become a big deal, no one wants to go back to those alternative sources of boosting revenue but wants to rely on oil for all her needs forgetting that the price is always subject to global crises. It doesn't look nice to discover that for every global crisis that affect oil price, there's always a direct effect in inflation in most third world countries and what's the cause? Simply over dependence on a single source of generating revenue.

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November 06, 2024, 06:35:12 AM
 #15



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.


Humanity is currently going through a very difficult period. In addition to various global problems such as pandemics, the so-called axis of evil is being formed in the world - an alliance of Russia, China, Iran and North Korea, which want to change the existing global security system in their favor through military action.

When Russia attacked Ukraine in February 2022, European countries were not at all ready to defend and protect their democratic values by military means. Ukraine has been holding back the Russian occupation army for almost three years at the cost of its own great losses, thereby giving Europe the opportunity to prepare for a further escalation of military action on their territory.

It is difficult to predict how this will end. Russia is also already exhausted by the war and has major internal problems due to the fact that it is spending all its material and human efforts on continuing the war and capturing Ukraine. Iran tried to attack Israel and received a powerful response to its air defense system, as well as factories producing missiles and drones.

The United States is really helping Ukraine and Israel with its weapons. But it was not the United States that started these wars. It was Russia that attacked Ukraine back in 2014 and launched a full-scale invasion in 2022. It was Hamas and other armed groups that invaded Israel on October 7, 2023, leading to the taking of civilian hostages and the current ongoing war.
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November 06, 2024, 07:07:01 AM
 #16

The impacts of war vary by region and economy. For instance, while the war in Ukraine has disrupted food supplies, leading to price increases especially in poorer nations, food inflation in many advanced economies is stabilizing. On the other hand, developing countries that have less financial leeway to absorb these increases-just like parts of Africa face higher food inflation and are likely to suffer more in the food crisis, worsened by disruptions in supplies after the collapse of the Black Sea Grain Initiative.

Also, whereas surging fuel prices were one of the major consequences after the Ukraine conflict, oil markets have remained rather stable this time around from the Middle East conflict, partly due to maintained supply, although speculation by investors has had some effect. This means not only is inflation a concern this time out, but universally, energy-related driving is not a factor.

Insofar as the fear of global economic collapse by 2025 is valid, there are mitigants. Cooperative supply chain hardening and improvement of food security, especially in poorer countries, would lessen the stresses on these economies. This is indeed a grim scenario; to predict a worldwide disaster based on these hypotheses without considering such potential mitigations may be a leap of a kind.

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November 06, 2024, 07:11:50 AM
 #17

Poor and underdeveloped countries depends on aids to stabilize their economy, so with the rate of wars and crisis in the world today, the attentions of the developed countries are diverted. Besides most of these underdeveloped countries don't utilize the aids that are granted to them because of corruption. Wars and conflicts cripples trade and commerce, and it affects other countries directly and indirectly.

Funding wars takes a lot from the countries involved and the superpowers like America, that supports and funds wars also gets exhausted. What is happening globally is a lose lose for the countries that are directly involved and to some extent the countries that are not involved. If the wars and crisis continues and escalates to other countries and regions, that will become a major problem for the global economy.

 
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November 06, 2024, 01:52:49 PM
 #18

edited out
I hope that the upcoming year of 2025 will make things more peaceful and the situation will be deescalated. It's true that war is one of the biggest reasons why the oil's price is increasing and with that, there is no doubt that it's also a triggering factor to see a rise in inflation. We don't get a rest from the rising inflation because that's intended to be and we're seeing the impact of what's happening in these hot spots where oil is their main product. Even the rich countries are also struggling economically because there is a domino impact about these events.
World peace should be the wish of every peace-loving people yet the superpowers are interested in arms race for war. Yes we expect world peace by 2025 and it can be expected that Russia and Ukraine war will end with Trump victory and he promised to end this war. Donald Trump has won the presidency and he must keep his promises. Also, if it is possible to end the war situation between Iran and Israel a stable situation can be created in the world. The war situation in the Middle East is responsible for the rise in oil prices.

Poor and underdeveloped countries depends on aids to stabilize their economy, so with the rate of wars and crisis in the world today, the attentions of the developed countries are diverted. Besides most of these underdeveloped countries don't utilize the aids that are granted to them because of corruption. Wars and conflicts cripples trade and commerce, and it affects other countries directly and indirectly.

Underdeveloped countries fail to manage their economy properly because they do not have enough dollars in reserve and even if they have some amount they do not distribute it properly and this trend is observed as a result of corruption. Funds given as grants from developed countries do not show efficiency in proper implementation because their administration is corrupt. As a result of global influence, most countries behave non-cooperatively instead of mutually co-operating due to which a situation of war prevails between them and the US earns a lot by increasing arms sales. As a result of which the weak countries become more weak economically.
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November 06, 2024, 04:47:00 PM
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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.

Exactly. Global wars will further disrupt global supply chains. This in turn, harms the economy in the long run. No one wants conflict. Everybody wants peace. A world working unanimously can lead us towards financial prosperity. Why can't China and the US work together? Or why can't Russia and the US settle things diplomatically, instead of turning against each other? Sanctions are not the answer to solve the world's problems. It's been proven they don't work. Actually, they've backfired as now the West is in a worse economic state than it was before.

Until the conflict between Ukraine-Russia and Israel-Hamas-Iran-Hezbollah comes to an end, don't expect the global economy to improve anytime soon. It will only get worse. Maybe a second Trump presidency will fix this? Only time will tell. Cheesy

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November 07, 2024, 11:45:14 AM
 #20

Why can't China and the US work together? Or why can't Russia and the US settle things diplomatically, instead of turning against each other?
When a country is controlled by arms dealers who make money by selling weapons and they can only sell weapons if there are wars, then it is obvious that you can't work with that country (ie. United States).

That's the problem with the US, just look at the list of donors/contributors to Trump campaign. You will see familiar names like Lockheed Martin and Northrop Grumman. They would have never given him money if they thought he would end wars and bankrupt their companies Cheesy

So how can any country (not just China and Russia) work with this United States?

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