What do you think? Most of the ongoing military conflicts in the world consist of civil wars fought against rebel groups or terrorist organizations, border conflicts and so on. A full-fledged war between nation states with enormous resources has been practically non-existent.
Is globalisation the dove of peace here? We live in a time where even economic sanctions are hard to place on a major country due to the losses and possible death spiral that the increasingly interconnected economies of both parties would endure.