You could hear it on mainstream radio in 1978, courtesy of The Police, and if you're in Britain, you can hear it on the airwaves today, in the music of Birmingham-born MC Lady Leshurr: reggae's influence on British music.
Since civil war reduces the productivity of factors in production, this lowers the. rate of return on investments made in the domestic economy. Further, the destructive eï¬ect of. civil war increases the rate of depreciation. Again, this reduces the rate of return on domestic. investments.
Thus, a. by-product of American wars has typically been a war time economic boom in excess. of the economyâs sustainable rate of growth. Wars may shift resources from non-. military spending to military spending, but because military spending is included in. GDP, it is unlikely to lead to a recession. Just as wars typically boost aggregate. demand, the reduction in defe nse expenditures after a war removes some economic. stimulus as the economy adjusts to the return to peacetime activities. The economic effect of World War II stands in a class of its own.