Opportunity Cost of Conflict
A report by Strategic Foresight Group has calculated the opportunity cost of conflict for the Middle East from 1991-2010 at a whopping $12 trillion. Had there been peace in the region, Lebanon’s share during this period would be almost a $100 billion (according to 2006 prices). In other words, had there been peace and cooperation since 1991, every Lebanese citizen would be earning over $11,000 instead of the $5,600 in 2010.
Read more about this topic: Economy Of Lebanon
Famous quotes containing the words opportunity, cost and/or conflict:
“If the desire to kill and the opportunity to kill came always together, who would escape hanging?”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“I knew that the wall was the main thing in Quebec, and had cost a great deal of money.... In fact, these are the only remarkable walls we have in North America, though we have a good deal of Virginia fence, it is true.”
—Henry David Thoreau (1817–1862)
“Another danger is imminent: A contested result. And we have no such means for its decision as ought to be provided by law. This must be attended to hereafter.... If a contest comes now it may lead to a conflict of arms. I can only try to do my duty to my countrymen in that case. I shall let no personal ambition turn me from the path of duty. Bloodshed and civil war must be averted if possible. If forced to fight, I have no fears from lack of courage or firmness.”
—Rutherford Birchard Hayes (1822–1893)