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

Big business - Essay Examplewar, 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.