Question

In: Economics

Want your problems Did the Iraq war cost for the US and its allies around the...

Want your problems Did the Iraq war cost for the US and its allies around the world

Solutions

Expert Solution

The Iraq War's actual cost is more than the $1.06 trillion added to the debt. First and foremost is the burden incurred by the 4,488 dead U.S. soldiers, the 32,226 wounded, and their families. Over 90 percent of Iraqi wounded soldiers survived thanks to improvements in battlefield medicine. That's up from the Vietnam War's 86.5 percent wounded survivor. The higher rate of survival also means that many must now live with serious and complex damage. Twenty per cent are treated for traumatic injury to the brain. Another 20 percent have either post-traumatic or depressive stress disorder. 796 also suffered major amputation of the limbs, while 235 died as a result of self-inflicted wounds while serving in iraq

Most American families at the time didn't feel the cost of the Iraq war. First, there was no draft, like there was in the Second World War or the Vietnam War. Second, there was no extra tax. As a result the burden was borne by those who worked and by their families. In the next few decades, they'll spend at least $300 billion to care for their wounded family members. This does not include missed income from employment they are leaving to care for their parents. National Guard and Reserve call-ups disrupted companies, particularly small businesses. The economy has also been deprived of the productive contribution of the killed, injured or psychologically traumatized service members.

The US has been engineering policies to open the country to foreign investors since the 2003 invasion, disbanding numerous state-owned factories and businesses; the IMF has introduced a package of economic reforms including an end to fuel , food, and health subsidies. The destruction of Iraq's economy has pushed levels of unemployment to 60 percent. The Coalition has refused to secure Iraq's incomparable cultural heritage during the war and occupation and has exposed it to looters and art thieves. The National Library and the National Museum were severely damaged and looted in the early days of the occupation, along with many other important cultural institutions.


Related Solutions

Option 2: What new problems did the Iraqi War cause for the U.S. and its allies...
Option 2: What new problems did the Iraqi War cause for the U.S. and its allies around the world? What effects has it had on the U.S. economy?
What effects has it had on the US economy What effects did the war in Iraq...
What effects has it had on the US economy What effects did the war in Iraq have on the US economy
let's say the Pentagon wants to know what the cost of the War in Iraq has...
let's say the Pentagon wants to know what the cost of the War in Iraq has been. It then wants to compare that to the cost of the War in Vietnam. Do you think the U.S. government is more likely to use a costing system that is more closely aligned with Job Order Costing or one that is more closely aligned with Process Costing? Support your view.
What, in your opinion, did the US and China gain from this prolonged trade war? Elaborate....
What, in your opinion, did the US and China gain from this prolonged trade war? Elaborate. (Tip: this question requires further research to form a well-structured and rounded answer.)
How did the War of 1812 impact the US? Discuss the impact on US political parties...
How did the War of 1812 impact the US? Discuss the impact on US political parties and the economy.
how did Japan involve the United States in World War 2? Why did they want the...
how did Japan involve the United States in World War 2? Why did they want the United States involved?
How did the US change between the American Revolution and the War of 1812?
How did the US change between the American Revolution and the War of 1812?
Choose an international incident or event (i.e. Iraq War) - 2-3 sentences, in your own words...
Choose an international incident or event (i.e. Iraq War) - 2-3 sentences, in your own words (!), summarizing the incident or event - 2-3 sentences discussing how realists would explain this incident or event - 2-3 sentences discussing how liberalists would explain this incident or event
What are the key challenges to political stability in Iraq? Your response might want to discuss...
What are the key challenges to political stability in Iraq? Your response might want to discuss political institutions, economic issues, population trends, and relationships with neighboring countries and other world powers.
What are the key challenges to political stability in Iraq? Your response might want to discuss...
What are the key challenges to political stability in Iraq? Your response might want to discuss political institutions, economic issues, population trends, and relationships with neighboring countries and other world powers.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT