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

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


Avik Ghosh | Medha Ganguly Ghosh



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, pp.1252-1258, URL: https://www.ijtsrd.com/papers/ijtsrd29364.pdf

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.

International Conflicts, Economic Value of Violence, GPI and growth, GPI and Economic Value of Violence, cross-country Correlation study of military expenditure and Gross Capital Formation


IJTSRD29364
Volume-3 | Issue-6, October 2019
1252-1258
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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