Question

IPE: "As the First World War demonstrated, economic integration leads to more, rather than less, violent conflict." Discuss. Word Limit: 1000

Answer 1

The war is not fit for any kind of economy whether it be developed, developing, or a poor economy. It brings destruction for both men and money. The human lives are endangered, the infrastructure is deteriorated and destructed. The economy goes down and political instability is developed in the country. The investments are hampered and the people are compelled to live a life that is not safe. The people are trapped in the war zone and the people have no choice left with them. The war has its aftermath also where the people take years to settle them and recover and fulfill all the losses which were borne by them during the war. World war I was from the year 1914 to the year 1918. It had a devastating effect on people and the economy. A lot of people lost their lives and the economy was also shattered. According to a report, approximately 17 million people died in the war and nearly 20 million people were injured. The various diseases were also spread after the world war and many people died due to that also. it shows how badly the war affected the lives of the people and what was the condition of the people at that time.

But as time passed, people understood the drawbacks and aftermath of the war and the level of destruction which they bring with themselves. After world war I, people began to settle down and the economy was given due importance so that the countries can flourish and people can live a peaceful life. Economic integration was also practiced by countries. The trade barriers were removed and the fiscal and monetary policies were made for encouraging the trade between different nations which will help in pumping the economy with the fuel of development. As time passed, people become more conscious about the generation of money and the focus was driven towards making the economies top. This has lead to an unsaid rivalry among the countries of becoming the superpower. This is the main reason for deteriorating the peace and conflicts among various countries. There are various disadvantages of economic integration which makes the countries become rivals of each other. These are: the economic integration leads to suppression of the small economies. There is also a chance of trade diversions among the various countries. The smaller business owners are left with no choice just to close the business. A very stiff competition arises among the various countries which makes the economies to fight for other issues, not any limited to trade.

The feeling of becoming a top and world power makes the economies and the people to stand against each other. The war and destruction increase to keep the powers with them and as a result, the second world war took place which was even more destructive than the first world war. Approximately 75 to 80 million people died which was far more devastation than the first world war. So, "As the First World War demonstrated, economic integration leads to more, rather than less, violent conflict."