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October 2016

Jahangir’s World Times

October 2016

The Real Nuclear Threat

By Lawrence M. Krauss Donald Trump’s candidacy has been a source of anxiety for many reasons, but one stands out: the ability of the President to launch nuclear weapons. When it comes to starting a nuclear war, the President has more freedom than he or she does in, say, ordering the use of torture. In fact, the President has unilateral ... Read More »

Oil and the Global Economy, Are Persistently Lower Oil Prices Good?

Oil and the Global Economy

Iván Martén and Philip Whittaker In the realm of global economy, the study of oil prices and its link with economic growth has always been an interesting subject. Both have been like distant cousins who disliked each other as they, traditionally, have been inversely related to each other; a fall in one meant the rise in the other. The received ... Read More »

War and Economic History

War and Economic History

Joshua Goldstein Wars have influenced the economic history profoundly across time and space. Winners of wars have shaped economic institutions and trade patterns. They have influenced technological developments as well. Above all, recurring war has drained wealth, disrupted markets, and depressed economic growth. Economic Effects of War Wars are expensive (in money and other resources), destructive (of capital and human ... Read More »

The Calculus of Conflict in MENA, 12 Key Takeaways from the IMF Report


Almost daily, global media report intense violence, large-scale human suffering, and destruction in Iraq, Libya, Somalia, Syria, and Yemen. These conflicts in the Middle East and North Africa (MENA) have fundamentally changed the region’s physical, economic, and social landscape, which, at the onset of the Arab Spring just over five years ago, looked much more hopeful. Yet, as conflicts intensify ... Read More »

Economic Effects of War and Peace in the Middle East and North Africa


Economic Consequences of the Wars Restoring Libya’s infrastructure will cost an estimated $200 billion over the next ten years. The damage to the capital stock in Syria as of mid-2014 is estimated between $70-80 billion. Syria’s neighbouring countries (Turkey, Lebanon, Jordan, Iraq and Egypt) have borne the brunt of the economic impact of the war. The cost to the five ... Read More »

Economic Impact of Brexit, What the future holds for world economy


“Financial market volatility following the referendum in the United Kingdom on EU membership has been short-lived. However, uncertainty about the global outlook has increased, while incoming data for the second quarter point to subdued global activity and trade.” (— Economic Bulletin of the European Central Bank) The campaign for the referendum on the question of UK’s leaving or remaining within ... Read More »

Economic Importance of South China Sea, A 5 Trillion Dollar Question


The South China Sea has been a source of tensions between several East Asian countries for decades. The fears are growing that the area will become a flashpoint, with potentially serious global consequences since the rivalry between China and the United States, which apparently backs its ‘ally’ the Philippines, is on the rise. The ruling from the International Tribunal for ... Read More »