Listen to a Business English Dialogue About War babies
Elizabeth: Hi Ella, have you heard of the term “war babies” in business and finance?
Ella: No, I haven’t. What does it refer to?
Elizabeth: “War babies” are companies or industries that flourished during wartime due to increased demand for their products or services.
Ella: Oh, I see. Can you give me an example of a “war babies” industry?
Elizabeth: Sure, the aerospace industry experienced significant growth during World War II as governments increased spending on military aircraft and equipment.
Ella: That makes sense. How does the concept of “war babies” impact the economy in peacetime?
Elizabeth: In peacetime, “war babies” may experience a decline in demand as military spending decreases, leading to shifts in the economy and potentially affecting employment and investment in those industries.
Ella: Got it. Are there any other industries that could be considered “war babies”?
Elizabeth: Yes, industries such as defense contracting, logistics, and technology often benefit from increased military spending during wartime.
Ella: Thanks for explaining, Elizabeth. The concept of “war babies” sheds light on the economic dynamics during times of conflict.
Elizabeth: You’re welcome, Ella. It’s fascinating to see how certain industries evolve in response to changing geopolitical circumstances.