The impact of political stability on economic development after a military invasion: the experience of the countries of the Middle East and Southeast Asia

Abstract

Economic development after a military invasion depends on a number of factors led by the establishment of peace and political stability. However, the restoration of stability is a difficult test for the post-war economy because of a number of reasons, which include the destruction of institutions, conflicting interests of the government and society, violation of legitimacy, humanitarian crisis, and many others. The aim of the article is to study the ways of achieving political stability and its impact on economic development after the military invasion. The SWOT analysis and case study methods were used during the research. Using the example of Iraq and Vietnam, the appropriateness of using such advantages as the availability of a resource base, opportunities to attract international support, and effective reforms in the economic sphere in the course of post-war recovery was established. Such limitations as the reduction of human potential, the destruction of infrastructure, and the increasing public debt should be taken into account in the course of recovery. The solution to the outlined problems can be effective fight against corruption, the strengthening of the institutional component, effective reforms in the economic sphere, as well as overcoming the environmental consequences of the war and restoring the physical and mental state of the population. The role of political stability in this process is significant. The main ways to achieve it include a team of patriot reformers, increasing the transparency of government actions, conducting inclusive policies and achieving social equality and welfare.