ABSTRACT
Today, the realization is that we live in world marred with conflict, in midst of global economic war, realising the sensitivity of human and trade, while more than 110 countries under turmoil and threat, the world experiencing trust deficit and unfair practices at peak resulting in financial crisis, economic slowdown, stagflation and global unrest.
The present modern economy has created as situation of ‘War Economy’ whereas failure of multilateral organisation, dysfunctional institutions, jeopardise negotiations, etc. resulting into conflict, intolerance, greediness, impatience, insecurity, sanctions, blood bath, militarisation, world war which has put up entire humankind under fear scarcity, life threatening and danger.
The need is to transit towards ‘Peace Economy’ for welfare of industry, balanced production, lesser conflict and equitable distribution, tourism, mental happiness, healthy being, safe living environment and this can be rested with the collective efforts of likeminded people / conglomerates / institutions / IGO’s forefront to further redirect it towards PEACE ECONOMY.
Apparently, based on researches and experts opinions, it is rightly to state that “Money diverted from containing violence’s, could be better utilised towards the activities that are more productive, yielding higher returns, rising GDP, lower inflation, increasing per capita income, bridging demand and supply gap, expedite national development, peace, harmony and serendipity”.
Peace Economy is an effective instrument of settling conflicts between state governments, federal governments, nations, communities and to re-organize the world in such a manner that ‘Peaceful Economic Nations Flourishes & Warfare Nations Economically Punishes’.