Military preparations and economic development: problems of relationship
Abstract
The article analyzes the main directions of influence of wars and military preparations on the economy. In the study the special attention is paid to the comparison of the results of the impact of the increase in the absolute and relative size of military expenditures on the economies of developed and developing countries. The author comes to conclusion that, ceteris paribus, than a less developed economic base of the society, the stronger the actual burden of the same specific weight of military expenditures in GDP and the deeper their negative impact on the national economy.
Keywords
economic sanctions, foreign trade turnover, gravity model of international trade
