The Accumulation of Military Capital in Asia
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چکیده
The relation between economic growth and military resource allocations is complex. On the one hand, more rapid growth and a larger gross domestic product (GDP) increases resources available for military spending. On the other hand, larger allocations for military purposes may slow economic growth, to the extent that such allocations reduce non-military capital formation. Moreover, the scale of military resource allocations usually depends on the existence of security threats or uncertainties, and this influence on military spending may be unrelated to economic growth.
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