The Economics of War | The impact of Russia Ukraine Crisis | Ayushi Chand

The ensuing Russia-Ukraine Crisis is humanitarian violation and tragedy, which has shed the light on potential economic and societal disastrous effect for the entire world.

On this video, we discuss the economics of war. We see how economic indicators like GDP and employment can improve during war-time in the short-term. We also discuss how rise in inflation, national debt and the humanitarian costs of war can have disastrous long-term effects on the countries at war and the entire world.

00:28 Introduction
01:48 Recovery from the World Wars
02:49 Positive impacts of War
04:11 Economic Indicators can be misleading
05:25 Actual Costs of War
05:30 Broken Window Fallacy
07:04 Impact on Inflation
08:36 Oil Prices
09:21 Impact on National Debt
10:24 Economic Development
11:22 Humanitarian Costs

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Ayushi Chand is an Indian Economic Service (IES) officer, working with the Central Government of India (Ministry of Finance). She has over 7 years of work experience in the fields of finance, economics and public policy.

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