peace economics

Peace economics is a field that studies how maintaining peace benefits a country’s economic well-being. It examines how conflicts, wars, and instability disrupt markets, destroy infrastructure, and divert resources from development to security. Conversely, peace encourages investment, trade, and growth by providing stability and safety. Policymakers use peace economics to weigh the costs of conflict against the benefits of peace, promoting strategies that foster economic prosperity through stability and conflict prevention. In essence, it highlights that peace and economic development are interconnected, where stability creates a foundation for sustainable growth.