Thursday, January 26, 2012

Opportunity Cost of Conflict in the Middle East

The opportunity cost of conflict basically means what the economy of a specific country could have looked like, or appeared, had there not been any wars or other trouble that could potentially disrupt economic growth. The combined opportunity cost of conflict for the Middle East as a whole is around twelve trillion dollars! That's a very very very large number, considering that fact that many of these countries are seen as containing the potential for becoming economically powerful.

The opportunity cost of conflict in Lebanon is something close to one hundred billion dollars. The opportunity cost of conflict for Jordan is around eighty four billion dollars, the opportunity cost of conflict for Syria is close to $150 billion. The opportunity cost of conflict of Egypt is $800 billion, which is an extremely large number.

Basically these figures here represent the amount of wealth that could have been distributed among the citizens of  the specific country had there not been any wars or conflicts.

In my opinion, these numbers truly represent the economic power of the Middle Eastern countries. If other nations hadn't taken advantage of them in the past, then there would definitely be a change in the economic powers, with the list being altered magnificently.  

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