Economics of conflict
How wars change output, prices, jobs, public debt and trade, and what it takes to rebuild. Each case study uses data from the IMF, the World Bank, UN agencies, central banks and research institutes, with full references.
The Economics of War: 20 Case Studies
Every chapter follows the same plan: how the war began, where things stand now, the economy before and during the war indicator by indicator, what went well and what went wrong, the economic theory behind it, the outlook, exam-style questions and a full reference list.
- 01How War Hits an Economy: A Framework and the Indicators to Watch
- 02Paying for War: Taxes, Borrowing, Money Printing and Aid
- 03Israel and Gaza, 2023–2026: The Economic Cost for Israel, Gaza, the West Bank and the Region
- 04The Iran Wars of 2025–2026 and the Strait of Hormuz: Oil, Shipping and the Gulf Economies
- 05Russia and Ukraine, 2022 Onwards: Two War Economies and the Sanctions Test
- 06Sudan’s Civil War, 2023 Onwards: Economic Collapse and Famine
- 07Yemen and the Red Sea Shipping Crisis: The Suez Canal, Freight Costs and Egypt
- 08Lebanon, 2023–2026: War on Top of Economic Collapse
- 09Myanmar Since the 2021 Coup: Conflict, Sanctions and a Shrinking Economy
- 10Ethiopia’s Tigray War, 2020–2022: The Cost of Conflict in a Fast-Growing Economy
- 11Syria, 2011–2024, and the Economy After Assad
- 12Iraq Since 2003: Oil, Reconstruction and the Rise and Fall of ISIS
- 13Afghanistan, 2001–2021, and the Economy After the Aid Stopped
- 14Kuwait and the 1990–91 Gulf War: Occupation, Oil Fires and Recovery
- 15Bosnia and the Yugoslav Wars, 1992–95: Reconstruction and the Limits of Aid
- 16Rwanda: Economic Recovery After the 1994 Genocide
- 17Germany and Japan After 1945: The Marshall Plan and the ‘Economic Miracles’
- 18The Korean War and the Great Divergence Between North and South
- 19The Vietnam War: The Cost to America and Vietnam’s Recovery Through Đổi Mới
- 20Conclusions: What Speeds Recovery After War, What Fails, and a Checklist for Policymakers