Big business Essay Example | Topics and Well Written Essays - 1500 words - 1

Big business - Essay Example war, it is important to establish a post-conflict recovery period where a country affected by civil war can get sufficient time to jump-start its economic mechanisms and strengthen the financial structures. The post-conflict recovery period is essential because it determines to what extent a particular economy will recover from the crippling effects of civil war. War paralyzes all economic activities of the conflicting country as well as all the neighboring states. Such important activities as regional trade often come to a standstill. Take, for instance, the situation in Iraq in 2003, in which US invaded them. This invasion was a major setback for the economy of Iraq, but amazingly, it only took them a year to recover. This was because Iraq is a major oil producer, and its economy is well structured. Oil is a major issue in international business currently (Ionica, 2012). Oil prices have drastically gone down, and, therefore, countries that are relying on oil for economic boost are facing uncertain times. Venezuela, for instance, relies on oil for economic stability. They are currently experiencing economic hardship because the prices of oil in the international market have gone down. Lebanon was affected by conflict, and it took twenty years to experience full economic recovery. This paper scrutinizes the role of the civil war in the destruction of a particular economy. It seeks to expose the role of big businesses in this civil war. This is because a big business just cannot attain stability in an area that is experiencing conflict. It seeks to reveal to how conflict directly affects the economy (Bouri, 2014). There is a tremendous impact that these wars have on big businesses, some of which may totally collapse because of the economic instability caused by conflict. Therefore, it is important for global enterprises to realize how conflict is detrimental to big businesses and its direct effects on the economy (Costalli, Moretti, & Pischedda, 2014). Good