Iran and the Global Economy
The escalating confrontation between the United States and Iran over the latter’s nuclear program has triggered much debate about what actions should be taken to ensure that Iran does not develop a nuclear weapon. How might certain actions against Iran affect the global economy? FAS released the results of a study, “Sanctions, Military Strokes, and Other Potential Actions Against Iran” which assesses the global economic impact on a variety of conflict scenarios, sanctions and other alternative actions against Iran. FAS conducted an expert elicitation with nine subject matter experts involving six hypothetical scenarios in regards to U.S. led actions against Iran, and anticipated three month cost to the global economy. These scenarios ranged from increasing sanctions (estimated cost of U.S. $64 billion) to full-scale invasion of Iran (estimated cost of U.S. $1.7 trillion).
China is NOT a nuclear “peer” of the United States, as some contend.
China’s total number of approximately 600 warheads constitutes only a small portion of the United States’ estimated stockpile of 3,700 warheads.
Dr. Lim will help develop, organize, and implement FAS’s growing contribution in the area of catastrophic risk including on core areas of nuclear weapons, AI and national security, space, and other emerging technologies.
Moreover, the recent decrease in UK government transparency regarding the status of its nuclear arsenal and modernization program reflects a worrisome global trend.
Even without weapons present, the addition of a large nuclear air base in northern Europe is a significant new development that would have been inconceivable just a decade-and-a-half ago.