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THE INCREASE TENDENCY IN THE DEFENCE BUDGET AND STATE SECURITY AND ITS INFLUENCE ON ECONOMIC DEVELOPMENT IN THE CURRENT POLITICAL CONTEXT. THE CASE OF THE EU AND NATO MEMBER STATES INWESTERN EUROPE
(STEF92 Technology, 2018, O. R. GLONT)
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This article highlights some aspects of the existing correlation between increasing the effort of allocating a larger defence budget to governments and the effect on economic development and material well-being of the population. Following the basic international rules imposed by NATO on the Member States, each state tries to adapt it to its internal conditions. The results of the existing relationship between defence spending and the economic development index are presented through the statistical analysis of twe...
SOCIAL SCIENCES: Section Economics and Finance2018