Military Spending and Economic Growth: A 2025 Update

Military Spending and Economic Growth: A 2025 Update
Bichler, Shimshon and Nitzan, Jonathan. (2025). Research Note. March. pp. 1-6. (Article - Working Paper; English).

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Alternative Locations

https://yorkspace.library.yorku.ca/items/139e4ac0-464c-4232-8beb-af398bdb9d26, https://www.academia.edu/128380638/Military_Spending_and_Economic_Growth_A_2025_Update, https://capitalaspower.com/casp-forum/topic/military-spending-and-economic-growth-a-2025-update/

Abstract or Brief Description

The start of the second millennium brought a growing sense that capitalism was becoming more ‘authoritarian’ and ‘illiberal’, with various indicators suggesting that ‘democracy’ is waning around the globe, that the protection of human and civil rights is in retreat and that the number and intensity of military conflicts is on the rise.

This angst is now greatly amplified by the domestic and foreign policies of the new Trump administration. Having returned to office in early 2025, Trump promptly launched a highly publicized crusade against his country’s ‘deep state’, with blasé disregard for its laws and constitution; announced his intentions to retreat from his country’s traditional postwar role as leader and protector of the Western world; and embarked on seemingly unhinged acts against friends (Canada, Mexico, Denmark, Panama and, primarily, Ukraine) while cozying up to long-term foes (Russia).

One possible consequence of this growing angst is a global ‘arms race’.

Language

English

Publication Type

Article - Working Paper

Keywords

arms race Donald Trump growth militarization

Subject

BN International & Global
BN Power
BN Policy
BN Production
BN State & Government
BN War & Peace
BN Business Enterprise
BN Comparative
BN Conflict & Violence
BN Crisis
BN Growth

Depositing User

Jonathan Nitzan

Date Deposited

23 Mar 2025 19:49

Last Modified

24 Mar 2025 15:57

URL:

https://bnarchives.net/id/eprint/854

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