The Impact of International Conflicts on Economic Development

Abstract

The article is an attempt to study impact of international conflicts on economic development and growth under the modern conditions of global environment. It is accentuated that the new threats and challenges are reflected in the changes going on in the principles of global development. A country is most likely to initiate a war conflict when it feels the highest degree of economic decline or when the aggressor country’s level of economic deceleration is higher than that in the country faced by a war. Autocratic countries initiate military aggressions against economically independent and politically different countries. The situation becomes even worse when it comes to an autocratic country with weak democratic institutes.