Page 167 - Abhivruddhi

in present times is costing us. The present data of violence is inclusive
of costs relating to armed conflicts, both internal (civil wars, terrorism,
other internal conflicts) and external conflicts (state-based armed
conflicts, international conflicts, etc.) as well as violence that has resulted
into homicides and suicides of personnel.

II] Economic impact of Armed Conflicts:
Now that we have studied the economic impact of (total) violence on
the world, we shift the focus of our study to the global economic impact
of armed conflicts. Observed in the chart above, the trend suggests that
the impact of the armed conflicts has been on a sharp rise since 2007.
There was a shortfall in the graph during the years of 2012 and 2013
but it was only for a short span. It can also be witnessed that the slope

of the trend line of the present graph is sharper than the trend line in
the previous graph. This evidence suggests that the rise in the economic
impact of armed conflicts solely is much more than the global economic
impact of total violence. Out of USD 14.76 trillion, $1.02 trillion was the
cost of armed conflicts in 2017. Over the last 11 years, this value has
increased by 106%. This is 8% of the total global economic impact of
violence. This period parallels with the commencement of the Syrian
War, Arab uprising in Libya and other conflicts in the Middle East and
North Africa. Despite all this, a positive change can be seen between the
period of 2017-2018 where the economic cost of conflict fell by 29%.

III] Military Expenditure:
One of the primary costs involved in the economic costs of war is
military expenditure. In 2019, the global military expenditure stood
at $ 5.6 trillion which is 40.2% of the total economic cost of violence.
The domain of ‘Militarization’ is one of the factors that is taken into

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