The economic consequences of the war in the 21st century at the regional and global levels

Abstract

The article examines the theoretical and practical effects of wars in the 21st century on the economy. The concept of "military economy"" is highlighted. The dynamics of military expenditures are analyzed. The causes and types of wars that occurred in previous years and are occurring are revealed. Emphasis is placed on studying the economic consequences of Russia's war in Ukraine. The assessment of the potential of countries before the war testified and confirmed the aggressive goals of a large country that attacked a much smaller one. The war against Ukraine put the issue of preserving the independence of small countries on the agenda. The article's main emphasis is on studying the economic consequences of the war not only on the economy of the participating countries but also on the global economy. The instability of individual commodity markets, inflation, and migration became the main mechanisms of the war's influence. As a result, the indicators of economic growth of many countries of the world are deteriorating. The raised questions actualize the task before the world community of finding new methods of solving the problems of wars.