Page 171 - Abhivruddhi

contribution has said to double since the year 2007. Currently, 14 UN
Peacekeeping missions are active and the peacekeeping expenditures are
all the costs related to it. Categories of the peacebuilding expenditure are
‘basic safety and security’, ‘Inclusive political processes’ and other specific
peace-related expenditures.

Discussion and Conclusion:
Armed conflicts have seldom been easy to analyse. Their intricate
structure and involvement of the political and socio-economic factors
render them complex to study. This paper is an attempt to provide
insight into the economic aspect of conflict where expenditures and the
economic effect is taken into consideration while analysing the global
impact. The impact that conflict has on human life and the environment
is overwhelming. Loss of life and property, disruption of the social life is
few to name. Along with this, conflicts also have a major impact on the
economy of the country.
The period that has taken into consideration in this study (from 2007-
08 to 2017-18) comprises of a period that has witnessed the conflicts in
the middle east, complexities in international politics, the emergence of
new conflicts and changing nature of conflicts. Today, there is a rise in the
no. of conflicts happening around the globe and as presented in this study
both the economic impact of violence and economic impact of armed
conflict (studied separately) are increasing throughout the last decade.
The average level of peacefulness deteriorated by 3.78 per cent since 2008
(GPI). Nonetheless, amidst all of this, a significant improvement has also
come into the limelight. The economic impact of armed conflicts fell by
29% in only one year. So, the question remains, is this improvement a
start of something positive or is it just a glitch in the situation which is
rapidly degrading and violence is rising day by day.
In a perfectly peaceful world, there would be no economic costs of
violence and no prevention costs as well. But real-life conditions demand
the countries spend on their military and internal security. Building a
larger than required military might lead the country to pursue larger
geopolitical goals, creating violence elsewhere. The present study where
we have observed the rise of violence and conflict in the region of MENA
is an example of the same. The increase in military spending is subsidised
by the increase in the number of conflicts happening. One might argue
that the rise in the conflicts serves as a cause for the increased military
spending but exceeding expenses do not add any value to the peace efforts.

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