Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants
This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained stubbornly high. Military spending in developing economies... READ MORE...

Publication date: September 2019
ISBN 9781513509877
$18.00

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