January 18, 2020
  • 9:00 am Send Money Online – Importance of Front-End and Back-end Technology for Online Money Transfers
  • 8:40 am Sending Money to Bangladesh Online is a Common Method of Remittance in This Developing Country
  • 7:35 am Send Money Online – What are the Must-Have Features in a Money Transfer App?
  • 7:25 am Send Money Online – Who Serves Money Transfer Businesses?
  • 7:15 am How Long Does It Take When You Send Money to Nigeria?

War has never benefited countries in the long run but has turned the lives of people living in countries involved upside down. War of any sort, either it’s a civil war; within the nation or between the nations. Wars can bring disastrous changes of all sort including economic changes as well.

The economy is like the backbone of a country. If it collapses, consequences could be worse.  The major impacts of war on the economy are:

  • In various circumstances, war can raise the inflation rate and eventually it influences people’s savings and the confidence in the financial system gradually declines. This declining situation slowly fails the market.
  • Public sector hits arise during a war. The government borrows a lot than usual to raise the war effort without looking at how the national debt is touching heights.
  • War can provide a temporary boost to domestic demand but the cost of war is crucial. The cost of rebuilding after a war could be huge.
  • In a civil war, countries experience collapsing tourism and foreign investment especially.
  • During a war, thousands of soldiers lose their lives and billions of people lose their loved ones forever which is the greatest cost a country can bear.