In an increasingly globalized world, economics has become a
dominant consideration when nations decide to undertake an armed conflict
against another. The economies of the world are increasingly dependent on each
other, due to the specialization of trade, and this has meant nations have to
think twice before deciding to embark on foreign adventures against other
countries. Failure to take into account the importance of economic
considerations may result in isolation from the international community, which
may deprive the nation of valuable imports and at the same time export
destinations for its goods.
A recent example of this is the agreement between Iran and
America. Iran, after realizing its economy could no longer suffer the consequences
imposed on it by the West due to its nuclear program, succumbed to domestic
pressures and signed an agreement with the US, paving the way for the removal
of economic sanctions. Iran’s apparent abandonment of its nuclear program
greatly helped reduce the possibility of a war in the Middle East .
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