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:
“Land of opportunity, land for the huddled masses—where would the opportunity have been without the genocide of those Old Guard, bristling Indian tribes?”
—Edward Hoagland (b. 1932)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“There is no prescribed method for resolving every specific conflict a mother has with her child, and there is certainly no method that will enable her to have exactly what she wants....There is, however, a larger goal, which is to establish and over-all climate of reasonableness, one in which she and her child can hear each other.”
—Elaine Heffner (20th century)