Author: theforeignobserver

Economic Disruption Caused by Conflict in Ukraine and Syria

The negative effects of infrastructural damage caused by the recent conflicts in Syria and Ukraine continue to transgress borders, ultimately damaging the global economy. By Bruno Cervantes Conflict often yields economic disruption. World War I culled the world’s first attempt at globalization. Similarly, World War II brought never-before-seen destruction to Europe. Just a few decades ago, the collapse of the Iron Curtain (1989) and the dissolution of the Soviet Union (1991) were seen as the end of an era of continuous proxy wars. Nonetheless, the fear of nuclear annihilation has been replaced with that of terrorism, and the violent cycle continues. A rational economic perspective discourages heavily militarized conflict. Excluding isolated countries such as North Korea and, to a lesser extent, Cuba, the cost of economic sanctions and disruptions in balances of trade should discourage any type of aggression. Unfortunately, conflicts like the Iran-Iraq and Vietnam wars, as well as the United States’ incursion in Afghanistan, demonstrate how ideology and third-party profit can coerce countries into open conflict. Currently, the Syrian civil war and the …