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:
“Each child is an adventure into a better life—an opportunity to change the old pattern and make it new.”
—Hubert H. Humphrey (1911–1978)
“One must always be aware, to notice—even though the cost of noticing is to become responsible.”
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“Never in the field of human conflict was so much owed by so many to so few.”
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