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Even though it has been sustained for many times that "the War of Terror" is useless and meaningless, many scholars, such as David Tufte, sustain that "The short-run impact of military spending is for a boost in GDP. In the long-run however, the effects from the current war with Iraq will depend on what happens with oil prices. Oil prices tend to have a very big impact on the economy. An escalating price per barrel of oil can trigger a recession."
What can be outlined from this is the fact that modern wars seem to have economic conflicts as their main cause: World War II occurred because of the wish of Hitler and, implicitly, of the Nazis, to lead the world and to transform Germany into the most powerful economic force; the Cold War as well occurred because Stalin wished Russia to receive more benefits from Germany as reparations after the war and in the end, the War in Iraq seems to have at its base the United States' aim to have access to the oil in the area. All in all, the modern wars have occurred from economic problems and have the greatest impact on the economic aspects of countries as well: the economies are affected, taxes people pay increase, budgetary deficits as well because of the need to improve the military forces.
Bibliography
Pierre MANENT "A Political Philosophy for the citizen," Artheme Publishing House, Paris, 2001
Benjamin CONSTANT,...
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Benjamin CONSTANT, "About liberty at antique and modern people," Oxford University Press, 2000, pp. 86
Effects of World War II," at www.wikipedia.org/wiki/Effects_of_World_War_II#Social_effects
FELDMAN, Amy, "War, the Economy, and You," Money, 2002, pp. 213
Joshua GOLDSTEIN, "The Real price of the War: How You Pay for the War on Terror," New York University Press, 2004, pp. 12
Ibidem 5, pp. 24
Ibidem 3
Ibidem3
Cost of war: how military spendings impacts our communities," at www.lysistrataproject.org/costofwar.htm
David TUFTE, "Spending For War and It's Effects on the Economy', at www.MacroWeb.com
Bibliography
Pierre MANENT "A Political Philosophy for the citizen," Artheme Publishing House, Paris, 2001
Benjamin CONSTANT, "About liberty at antique and modern people," Oxford University Press, 2000
FELDMAN, Amy, "War, the Economy, and You," Money, 2002
Joshua GOLDSTEIN, "The Real price of the War: How You Pay for the War on Terror," New York University Press, 2004,
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