Determinants of the Long Term Economic Growth of Nations in the Era of the Crystallization of the Modern World System

Abstract

It was not long ago that Keynes was arguing about the relationship of wars and economics. Most of the nations have suffered by after-war devastations which made their economies decrease during or after those wars. However, after the research we have found out that wars do not only have negative effects on countries, depending on the situations, wars can be positive for the GDP per capita of countries. Different effects of wars should be studied while analyzing economies of nations.