As an academic discipline, defence economics leans towards the conclusion that military expenditure does not contribute to economic growth, and, to the extent that it does, it is in limited areas. Ultimately, governments cannot justify defence expenditure based solely on potential economic returns, as military and strategic justifications are just as – if not more – important. Instead of the contribution that defence can make to the wider economy, it is worth considering how reform of the wider economy can help support the defence sector in Europe.

CSDS Policy Brief

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