The authors provide a comprehensive background for recent international financial crises--rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with...

1 Introduction and Overview 1. - 2 A Glance at Recent Conflicts and Wars 23. - 3 Estimating the Price of Conflicts and Wars 49. - 4 The Seeds of Conflict and War-the Persian Gulf 85. - 5 The Global Costs of Three Wars in the Persian Gulf 119. - 6 How Conflicts and Wars Can Be Ended 147

This book examines military expenditures, arms imports and military deployment to analyze how and why the Persian Gulf is the most militarized region in the world. The authors explore Muslim teachings about peace, war and economics; how it affects military and economic development. They also...