Economics of Military Expenditures

  • Lucy Law Webster
  • Published 2011

Abstract

At the end of the twentieth century, global military expenditures were reduced from their Cold War peak of approximately one trillion dollars per year to $750 billion in 1998. A large part of the reductions were in Russia with smaller cuts elsewhere, being especially small in the United States, which ended up with just over one third of global military… (More)

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