Diamond Member Pelican Press 0 Posted August 7, 2024 Diamond Member Share Posted August 7, 2024 This is the hidden content, please Sign In or Sign Up What are the economics of war? More countries are boosting their defense industries, calling for a shift to “war economy mode.” But what exactly is a war economy? Last March, Thierry Breton, the EU’s commissioner for internal market, advocated for a shift of the ********* defense industry toward a war economy. Europe is facing an “existential threat,” he said, as the Commission announced a new defense strategic plan, with a minimum of €1.5 billion ($1.6 billion) subsidy to boost the continent’s war machine. Nations are investing in their armed forces too. In Germany, arms maker Rheinmetall inaugurated a new factory in February that will produce artillery ammunition, explosives and rockets. Aerospace and defense company Kongsberg also opened a new anti-ship and cruise missile manufacturing plant in Norway last June. According to the Stockholm International Peace Research Institute, military expenditure reached a peak of $2.4 trillion in 2023, the highest year-on-year rise since 2009. Watch the video above to learn more about the economics of war. This is the hidden content, please Sign In or Sign Up #economics #war This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/90971-what-are-the-economics-of-war/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.