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
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