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International Conflicts and its Menacing Impact on Global Economy A Suggestive Policy Making Model

Authors: Avik Ghosh; Medha Ganguly Ghosh;

International Conflicts and its Menacing Impact on Global Economy A Suggestive Policy Making Model

Abstract

The research is aimed at initially defining conflict and transmitting the idea emanated towards modern day international conflicts. It subsequently uncovered the types of such conflicts and their prevalence across the globe. The qualitative expectation of the conflict mechanism was subsequently represented in quantitative terms when the economic impact of the conflicts is assessed. The research performed a correlation analysis between two key indicators one of the key causes of economic cost which is military expenses and one major impact of the cost the capital formation. While analysing the result, we could reaffirm the fact that such relationship varies from countries of different strata. Hence the desired policy model with all encompassing ideological framework would also vary. Once the economic impacts have been quantified and the causal factors have been pointed out, we have suggested a 5 Dimensional model of policy consideration where the major ideological biases have been embedded for more efficient and conflict free international policy making. Avik Ghosh | Medha Ganguly Ghosh "International Conflicts and its Menacing Impact on Global Economy: A Suggestive Policy Making Model" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29364.pdf

Keywords

International Conflicts, Economic Value of Violence, GPI and growth, Political Science, FOS: Political science, GPI and Economic Value of Violence

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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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