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During the Fall of 2022 Armenia also faced an aggression by the Azerbaijani armed forces. The National Statistical Committee (NSC) issued official data that showed Armenia's GDP increased by 14.8% over the previous year during the third quarter. Economy Minister wrote "The economy has recovered quickly after the September shock".
The labor force of the economy also changes with the effects of war. The labor force is affected in a multitude of ways most often due to the drastic loss of life, change in population, the labor force size shrinking due to the movement of refugees and displacement and the destruction of infrastructure which in turn allows for a deterioration ...
The dissolution of the Soviet Union ended the Cold War and led to world that is widely considered as uni polar, with the United States being the sole remaining hyperpower, but many other rising powers hold great influence in the world and are certainly superpowers. The Cold War defined the political role of the United States after World War II.
A war economy or wartime economy is the set of preparations undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence."
The outbreak of World War I during a period of unprecedented globalization and economic interdependence has often been cited as an example of how economic interdependence fails to prevent war or even contributes to it. [20] Other scholars dispute that World War I was a failure for liberal theory. [10] [21]
The carbon footprint of this war undermines efforts towards CO 2 emissions reduction. [55] [56] [57] The first two years of the war have resulted in considerable releases of Greenhouse gas emissions, and many more may be released due to the need to rebuild destroyed infrastructure. Overall, it has been estimated to amounts to 175 million tonnes ...
[12] The use of heavily hazardous chemicals was first initiated during World War II. [12] The long-term effects of chemicals result from both their potential persistence and the poor disposal program of nations with stockpiled weapons. [9] During World War I (WW I), German chemists developed chlorine gas and mustard gas. The development of ...
Ohanian, Lee E. (March 1997). "The Macroeconomic Effects of War Finance in the United States: World War II and the Korean War". The American Economic Review. 37 (1): 23– 40. JSTOR 2950852. Rockoff, Hugh (2012-03-29). America's Economic Way of War: War and the US Economy from the Spanish–American War to the Persian Gulf War. pp. 242– 59.