eli5 how martial law is bad for a country’s economy and growth?
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Martial law is generally accompanied by various restrictions such as curfew and ID checks.
The basis of a nation’s economic growth is its production (business) and consumption (customers), during martial law, people aren’t going on a shopping spree. This directly affects business operations.
Generally fear and uncertainty also create hesitation in investments and regional development. No one wants to build houses during a storm, and thus most people will rather wait out martial law before resuming development. This in turn stunts the region’s growth.
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