Global I.q. Minute With Jim Falk

War is catastrophic for nations and can bring businesses to a complete halt. When Russia attacked Ukraine, U.S. companies such as McDonald’s and Starbucks closed their stores. Millions of dollars of Ukraine’s infrastructure has been destroyed. War’s cost can be simplified into three parts: the opportunity cost of resources, the destruction of physical and human capital, and the reduction of GDP. However, war can also stimulate the economy – World War II pulled the U.S. out of the Great Depression. So what is the global economic toll of war? Join the Council’s virtual discussion on war economics with world-renowned economics professor, bestselling author, and innovative educator Jeffery Sachs. ABOUT THE SPEAKER Jeffery Sachs serves as the director of the Center for Sustainable Development at Columbia University, where he holds the rank of University Professor, the university’s highest academic rank. Sachs served as director of the Earth Institute at Columbia University from 2002 to 2016. He is president of