Although most wars have neither victors nor losers, all the parties involved in a conflict have to pay heavy costs in order to maintain the war. For example, the current war in Afghanistan and Iraq has cost…
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As an economic student, the cost of war does not end in the battlefield but it also affects those who are not involved with the war. The question here is the cost of war and who bear the cost. Is it America, the jihadists or the world? This perspective will enable you to explore the issue from an economist point of view. Global economy is indicated by various parameters. Such parameters are the only tool that we can use to determine the cost of war.
Jim: I think Sam is heading in the right direction since the issue of cost of war should be linked with the question of who bears the cost. It is unfortunate that since the end of World War II, most wars have been between America and the so called the Arab world. The Asian continent or the Arab world plays a big role in the world’s economy. Nearly 50% of the global oil comes from the Arabian countries particularly Iran, Iraq, Kuwait and Saudi Arabia that. These countries have either been involved or affected by the war. This proves why global oil prices escalate whenever there is a conflict involving the Arab world and the Western League. Inflated oil prices increases the cost of production since oil is used in various stages of production such as manufacturing and transportation. High oil prices are reflected in consumer products as increase in retail prices. I consider this to be the actual cost of war”
Peter: “your argument is correct however, you are more biased to answering the question of who bear the cost of war instead of the cost of war. Wars happen in reality and therefore analysis needs a realistic focus. The cost of war is the immediate impacts of war that changes the financial status of the parties involved in war. In this case the cost of war will be evaluated from the cost of damages resulting from a conflict and the cost of maintaining combatants in the battlefield or maintaining a frontline”.
Simon: “I think the issue is
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According to the research findings, the total number of known casualties amounted to 1,094,453 lives lost during the Civil War. This was a devastating loss of lives during this time period. However, there may have even been a greater cost in the form of finances. In dollars and cents, the U.S. government estimated January 1863 that the war was costing $2.5 million daily.
Body bags containing the remains of young American soldiers killed in the war started streaming in. The cost of funding the war spiraled into millions of dollars per day drawing the ire mainly of the poor. On the other hand, American troops started massacring the very people they were there to protect and perpetrating heinous crimes against humanity, notably the Ma Lai massacre.
Critic of nuclear proliferation argued that nuclear weapons endanger the existence of international peace and the welfare of the world. On the other hand, supporters of nuclear proliferation argue that nuclear weapons provide a deterrent against aggression from enemy countries.
Our Army has been severely weakened by the toll of dead and wounded that the war has taken. In these days of the Bush administration's tax cuts, America can not afford to squander our nation's finest young men and women and our scarce resources to fight an ill advised and mismanaged war.
gested that the US’s economic problems have been a direct casualty of this global war on terror owing to opportunity costs that the US government forewent in order to pursue the global war on terror. The essay seeks to explore the validity of these statements and whether the
War, no matter how big or small it is, involve huge expenditures to be sustained for the desired period of time. In addition to the enormous costs involved in the servicing of the military and the army, and the costs of rebuilding the devastated areas in