War and the World Economy: Emerging Trends and Long-Term Consequences Introduction War has always been a turning point in the evolution of the global economy. From the economic devastation following World War I and World War II to the restructuring of global institutions in the post-war period, conflicts have repeatedly reshaped economic priorities and structures. In the 21st century, however, the impact of war has become far more complex due to globalization, technological advancement, and deep interdependence among nations. Recent geopolitical tensions, including the Russia-Ukraine War and instability in the Middle East, demonstrate how regional conflicts can generate global economic consequences. This article explores the multidimensional effects of war on the world economy, with a focus on recent trends observed during 2025–2026. Immediate Economic Disruptions The most direct impact of war is economic disruption. Conflict zones often experience destruction of infrastructure, loss ...
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