The world has become much more peaceful, and yet, even after adjusting for inflation, global military spending is now three times greater than at the height of the Cold War. These developments have mo
India is a country that has survived several upheavals. To achieve stability, peace, and prosperity, the nation's leaders have long sought to strike a balance between funding a powerful military and a
This paper analyzes the financial and war-spending policies of a state that faces a war in which defeat would result in the loss of sovereign power and in which the material consequences, conditional
This study investigates whether there is a systematic relationship between the weapons trade, military expenditure, and economic growth. While some perceive military spending as a guarantee of securit
