ABSTRACT
Despite prevailing in two world wars, Britain has seen its economy grow less rapidly than Germany this century. In fact, the German post-war economic miracle is often attributed to the opportunities for investment and political reform offered by the end of the last war. However, it is not clear if such prospect will also hold for a poor, developing country emerging from civil war. This chapter demonstrates that while some economic effects of war are universal, others are conditioned by individual economic and political circumstances.
